# FFG Finanzcheck Financial Portals

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ffg-finanzcheck-financial-portals

- Industry: Internet
- Headquarters: Hamburg, Germany
- Website: www.finanzcheck.de
- Total disclosed funding: $38M
- Latest round: Series C (Apr 6, 2016)
- Investors on record: 4

## About

FFG Finanzcheck Financial Portals GmbH is a prominent online credit comparison platform in Germany, facilitating efficient loan searches and applications for consumers, including personal, car, and renovation loans.Founded in 2010 and headquartered in Hamburg, Germany, FFG Finanzcheck Financial Portals GmbH specializes in online credit comparison. The company has undergone significant changes, including its recent acquisition by Smava GmbH in April 2021 for EUR 200 million. Prior to this acquisition, FFG Finanzcheck operated independently, enhancing its service offerings in the financial sector. The CEO, Tobias Wieschendahl, leads the company towards its strategic goals. In total, FFG Finanzcheck has engaged in 7 deals, with the latest deal occurring on February 12, 2021, resulting in a total raised amount of EUR 200 million.FINANZCHECK.de primarily operates as an online credit comparison platform that allows users to search, compare, and apply for various types of loans. The platform provides consumer loans, car loans, renovation loans, and construction financing, catering to diverse financial needs. Users can assess loan terms and rates from over 20 partner banks in Germany, ensuring tailored financing solutions. Additional services include a free credit comparison tool and personalized consultations, aimed at enhancing the credit application process for individual consumers across Germany.In 2018, FFG Finanzcheck Financial Portals GmbH reported a revenue of EUR 107,408,407 and an EBITDA of EUR 307,754,428. Revenue is primarily generated through partnerships with financial institutions, where the company earns commissions on successful loan applications facilitated through its platform. Clients utilize the platform to compare loans based on specific criteria, and upon selecting loan offers, the company assists in the application process, resulting in commissions from partner banks upon loan approval and disbursement.Following the acquisition by Smava GmbH, FFG Finanzcheck aims to accelerate its growth and further digitize its loan offerings. The company is expected to explore new products and enhance existing services, although specific new products and their release dates have not been disclosed. Additionally, FFG Finanzcheck may seek to expand into new geographic regions, leveraging Smava's network to reach broader markets. The EUR 200 million from the recent acquisition will likely support these initiatives, focusing on enhancing technology and service delivery to improve user experiences.

## Funding rounds

- Series C, Apr 6, 2016, $38M — HarbourVest Partners, Acton Capital, b2venture, Highland Europe

## Investors

- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series C
- Acton Capital (https://capitalatlas.ai/funds/acton-capital) — Series C
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series C
- Highland Europe (https://capitalatlas.ai/funds/highland-europe) — Series C