FinCompare doubles Series A round towards EUR 22 million

Berlin (ots) - FinCompare, the Berlin-based FinTech with a focus on SME
financing, has successfully extended and completed its Series A financing round.
In an A+ round, FinCompare was able to secure an additional EUR 12 million in
funding. As such, FinCompare has now successfully raised a Series A totalling
EUR 22 million (equaling more than EUR 25 million since company foundation). The
investment is led by existing investors such as Speedinvest, ING Ventures and
UNIQA Ventures. In addition, international financial investors, including RBI
Ventures of Raiffeisen Bank International AG, and private investors have joined
the group.

The successful closing of an extended Series A is the result of a highly
successful year 2019: "We have more than doubled growth. We aim to maintain our
strong growth momentum, and therefore plan to invest heavily into our team and
technology. We are extremely thankful for the strong commitment shown by our
current investors and to welcome new international investors to FinCompare.
There was strong demand from investors to participate in the round, which was
ultimately oversubscribed", says Stephan Heller, Founder and CEO of FinCompare.

The FinTech FinCompare, with its domain www.fincompare.de, was launched in 2017
and provides small to medium-sized companies tailor-made financing solutions
from more than 250 banks, both directly and indirectly. More than 1,000
financial advisors use the FinCompare platform for their daily brokerage
businesses with their customers. Financing providers use the platform to offer
not only credit solutions, but also highly flexible financing solutions, such as
leasing, factoring, and purchase financing, to a strong and growing base of more
than 25,000 registered SMEs. As a result, FinCompare is able to identify the
financing potential of a company in an automated manner, and to flexibly create
highly dynamic financing mixes that best fit a customer's specific needs,
situation, or creditworthiness. The investment will heavily support the Company
in furthering its matching technology, predictive scoring, and CRM systems, and
paves FinCompare's path towards continued growth.

"FinCompare already offers the best customer experience in financial advisory
and brokerage for small- to medium-sized companies. We are convinced that in the
future, horizontal FinTech market places will dominate the market for SME
lending. Among all players in the German market, FinCompare is best positioned
to succeed. We are very happy to be a part of this success story, and are
committed to digitising the German SME financing market together with
FinCompare", says Stefan Klestil, Partner at Speedinvest.

Contact:

Thomas Doriath
FinCompare GmbH / Media Relations
E-Mail: thomas.doriath@fincompare.com
Tel: +49 176 24244283

Additional content: https://www.presseportal.de/pm/126859/4538295
OTS: FinCompare GmbH

Original-Content von: FinCompare GmbH, übermittelt durch news aktuell