About Finanzguru
Finanzguru is a company based in Frankfurt Am Main (Germany) founded in 2015 by Alexander Michel and Benjamin Michel.. Finanzguru has raised $28.82 million across 5 funding rounds from investors including Deutsche Bank, SCOR and coparion. Finanzguru operates in a competitive market with competitors including Outbank, Kontoblick, Fabit, Zuper and Horizonbudget, among others.
- Headquarter Frankfurt Am Main, Germany
- Founders Alexander Michel, Benjamin Michel
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Dwins Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.82 M (USD)
in 5 rounds
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Latest Funding Round
$14.11 M (USD), Series B
Apr 04, 2023
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Investors
Deutsche Bank
& 9 more
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Employee Count
Employee Count
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Funding Insights of Finanzguru
Finanzguru has successfully raised a total of $28.82M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $14.11 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $14.1M
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First Round
First Round
(02 Nov 2017)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - Finanzguru | Valuation | SCOR | |
| Jan, 2022 | Amount | Series A - Finanzguru | Valuation | VR Ventures Management , Venture Stars | |
| Sep, 2021 | Amount | Debt – Conventional - Finanzguru | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Finanzguru
Finanzguru has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Deutsche Bank, SCOR and coparion. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding for young German technology companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech startups
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finanzguru
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Finanzguru
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finanzguru Comparisons
Competitors of Finanzguru
Finanzguru operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Outbank, Kontoblick, Fabit, Zuper and Horizonbudget, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personal finance is managed via mobile and desktop applications.
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| domain | founded_year | HQ Location |
Provides a German online platform for personal finance management.
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| domain | founded_year | HQ Location |
Budget control is enabled via an app-based platform.
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| domain | founded_year | HQ Location |
Cloud-based service management solutions are provided for field operations.
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| domain | founded_year | HQ Location |
Offers a cloud-based platform for effective budget management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Finanzguru
Frequently Asked Questions about Finanzguru
When was Finanzguru founded?
Finanzguru was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Finanzguru located?
Finanzguru is headquartered in Frankfurt Am Main, Germany. It is registered at Frankfurt Am Main, Hesse, Germany.
Who is the current CEO of Finanzguru?
Alexander Michel is the current CEO of Finanzguru. They have also founded this company.
Is Finanzguru a funded company?
Finanzguru is a funded company, having raised a total of $28.82M across 5 funding rounds to date.
What does Finanzguru do?
Finanzguru was founded in 2015 in Frankfurt am Main, Germany, operating in the personal finance sector. Bank accounts are linked by users to enable automatic detection of recurring bills, with reminders issued for payments and facilitation provided for quick transactions. Earnings, expenses, and bills are analyzed to offer savings suggestions. Additional services include direct payments, installment options, access to investments, insurance purchases, and other financial products via the app.
Who are the top competitors of Finanzguru?
Who are Finanzguru's investors?
Finanzguru has 10 investors. Key investors include Deutsche Bank, SCOR, coparion, VR Ventures Management, and Hannover Digital Investments.