About Fincheck
Fincheck is a company based in Johannesburg (South Africa) founded in 2015 by Christopher Ball and Michael Bowren.. Fincheck has raised $287.6 thousand across 1 funding round from investors including Benatar Capital and Parktown Capital. Fincheck has completed 1 acquisition, including FundingHub. Fincheck offers products and services including Personal Loans, Vehicle Finance, Debt Counselling, Life Insurance, and Credit Cards. Fincheck operates in a competitive market with competitors including OUTsurance, Ctrl, FSP Solutions, Where To Bank and Hippo, among others.
- Headquarter Johannesburg, South Africa
- Founders Christopher Ball, Michael Bowren
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$287.6 K (USD)
in 1 rounds
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Latest Funding Round
$287.6 K (USD), Seed
Aug 27, 2019
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Investors
Benatar Capital
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Fincheck
Fincheck offers a comprehensive portfolio of products and services, including Personal Loans, Vehicle Finance, Debt Counselling, Life Insurance, and Credit Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for comparing and applying for personal loans.
Service to compare and secure vehicle finance options.
Tool for consolidating and managing outstanding debts.
Compares life insurance options for financial protection.
Platform to compare and apply for credit cards.
Funding Insights of Fincheck
Fincheck has successfully raised a total of $287.6K through 1 strategic funding round. The most recent funding activity was a Seed round of $287.6 thousand completed in August 2019. 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 1
- Last Round Seed — $287,604
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First Round
First Round
(27 Aug 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Seed - Fincheck | 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 Fincheck
Fincheck has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Benatar Capital and Parktown Capital. 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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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 Fincheck
Fincheck has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FundingHub. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SMEs are connected to lenders via a business finance marketplace.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fincheck
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Fincheck Comparisons
Competitors of Fincheck
Fincheck 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 OUTsurance, Ctrl, FSP Solutions, Where To Bank and Hippo, 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 |
Insurance quotes for diverse policies are compared and provided.
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| domain | founded_year | HQ Location |
Ctrl is recognized as a digital insurance advisor platform.
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| domain | founded_year | HQ Location |
Provides short-term insurance for individuals and businesses in the financial industry.
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| domain | founded_year | HQ Location |
Online comparison of South African banking products is facilitated.
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| domain | founded_year | HQ Location |
Insurance prices and benefits are compared for South African consumers.
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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 Fincheck
Frequently Asked Questions about Fincheck
When was Fincheck founded?
Fincheck was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Fincheck located?
Fincheck is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Who is the current CEO of Fincheck?
Michael Bowren is the current CEO of Fincheck. They have also founded this company.
Is Fincheck a funded company?
Fincheck is a funded company, having raised a total of $287.6K across 1 funding round to date. The company's 1st funding round was a Seed of $287.6K, raised on Aug 27, 2019.
What does Fincheck do?
Fincheck was founded in 2015 in Johannesburg, South Africa, as a website focused on financial comparisons. Various products such as loans, savings and checking accounts, insurance, and credit and debit cards are evaluated comparatively. The service is provided free to users, with revenue generated through commissions from partners. Operations center on delivering objective overviews in the fintech sector.
Who are the top competitors of Fincheck?
Fincheck's top competitors include OUTsurance, Ctrl and Where To Bank.
What products or services does Fincheck offer?
Fincheck offers Personal Loans, Vehicle Finance, Debt Counselling, Life Insurance, and Credit Cards.
How many acquisitions has Fincheck made?
Fincheck has made 1 acquisition, including FundingHub.
Who are Fincheck's investors?
Fincheck has 2 investors. Key investors include Benatar Capital, and Parktown Capital.