Landesbank Hessen-Thüringen Girozentrale, known as Helaba, is establishing a holding company, Helaba Digital GmbH & Co. KG, that will invest in digital startups.

Helaba Digital will make strategic investments in companies that will complement and develop Helaba's business model with their digital solutions and will enhance the German lender's core processes.

It will focus on companies that are working on digital transformations in financial services, regulation and real estate.