VC firms back €10m series-A for FinCompare

Dutch bank ING joined the syndicate as the lead investor via its corporate venturing arm ING Ventures.

The fresh capital will be invested to achieve further market penetration in Germany and to expand the company's core technology.

Previous funding
Speedinvest, Yabeo Capital and Uniqa Ventures took part in a €3.6m funding round for FinCompare in June 2017 alongside a consortium of private investors and business angels.

Company
FinCompare is a digital comparison platform for company financing. It is aimed at small and medium-sized enterprises with financing needs of more than €10,000. Since its launch in February 2017 it has secured around 2,500 clients requesting financing volumes of €1bn. FinCompare lists 200 banks, alternative lenders and financial technology companies on its platform. It currently employs 40 people.

People
Speedinvest – Stefan Klestil (partner).
FinCompare – Stephan Heller (CEO).

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• Topics
• Expansion
• DACH
• Financials
• Technology
• Consumer
• Venture
• Germany