About FinCompare
FinCompare is a company based in Berlin (Germany) founded in 2016 was acquired by DZ BANK in December 2021.. FinCompare has raised $27.85 million across 3 funding rounds from investors including ING, Speedinvest and DZ BANK. The company has 50 employees as of December 31, 2021. FinCompare has completed 1 acquisition, including Compeon. FinCompare offers products and services including Financing Comparison Platform, Expert Advice Service, and Online Application Tool.
- Headquarter Berlin, Germany
- Employees 50 as on 31 Dec, 2021
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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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- Legal Name Fincompare Gmbh
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Products & Services of FinCompare
FinCompare offers a comprehensive portfolio of products and services, including Financing Comparison Platform, Expert Advice Service, and Online Application Tool. 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.
Online tool for comparing business loans and leasing
Personalized financial guidance for SME investments
Platform for quick financing requests and offers
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Funding Insights of FinCompare
FinCompare has successfully raised a total of $27.85M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $13.37 million completed in March 2020. 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 3
- Last Round Series A — $13.4M
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First Round
First Round
(06 Jun 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Series A - FinCompare | Valuation | Speedinvest , UNIQA Ventures | |
| Jun, 2018 | Amount | Series A - FinCompare | Valuation | ING | |
| Jun, 2017 | Amount | Seed - FinCompare | Valuation | Speedinvest , UNIQA Ventures |
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| 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 FinCompare
FinCompare has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include ING, Speedinvest and DZ BANK. 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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Early-stage venture capital and startup acceleration are provided.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech, insurance tech, digital health, and mobility verticals
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Founded Year | Domain | Location | |
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High-growth tech companies are funded by Elevator Ventures.
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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 FinCompare
FinCompare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Compeon. 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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Business financial products are compared online via Compeon platform.
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2012 |
| 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 - FinCompare
| 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 |
Fincompare Comparisons
Competitors of FinCompare
| 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 Fincompare
Frequently Asked Questions about FinCompare
When was FinCompare founded?
FinCompare was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is FinCompare located?
FinCompare is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is FinCompare a funded company?
FinCompare is a funded company, having raised a total of $27.85M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.82M, raised on Jun 06, 2017.
How many employees does FinCompare have?
As of Dec 31, 2021, the latest employee count at FinCompare is 50.
What does FinCompare do?
FinCompare was established in 2016 in Berlin, Germany, as a digital platform in the fintech sector. SMEs are enabled to compare loan offers independently from a network of financing providers, including banks, alternative services such as Deutsche Factoringbank, and fintech firms like Funding Circle and CreditShelf. Corporate loans, along with options like factoring, leasing, and fine trading, are included in the available solutions.
What products or services does FinCompare offer?
FinCompare offers Financing Comparison Platform, Expert Advice Service, and Online Application Tool.
How many acquisitions has FinCompare made?
FinCompare has made 1 acquisition, including Compeon.
Who are FinCompare's investors?
FinCompare has 7 investors. Key investors include ING, Speedinvest, DZ BANK, UNIQA Ventures, and Elevator Ventures.
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