April 3, 2017 / 5:11 PM / 5 months ago

Deutsche Bank buys stake in TrustBills

Germany's Deutsche Bank headquarters are pictured in Frankfurt, Germany, October 5, 2016.Kai Pfaffenbach

FRANKFURT (Reuters) - Germany's Deutsche Bank AG (DBKGn.DE) has bought a 12.5 percent stake in auction platform TrustBills, the bank said on Monday.

The terms of the deal were not disclosed.

Founded in 2015, Germany-based financial technology company TrustBills is an electronic marketplace for national and international trade receivables.

Reporting by Alexander Huebner; Writing by Edward Taylor; Editing by Mark Potter

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