# FinCompare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fincompare

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.fincompare.de
- Total disclosed funding: $28M
- Latest round: Series A (Mar 5, 2020)
- Investors on record: 8

## About

FinCompare GmbH is a financial technology company that provides a digital platform enabling small and medium-sized enterprises (SMEs) to compare various financing options efficiently.Founded in 2016 in Berlin, Germany, FinCompare GmbH specializes in modern financial solutions for SMEs. In December 2021, VAD Beteiligungen GmbH acquired FinCompare from previous investors including Speedinvest, ING Ventures, and UNIQA Group. The founder, Nicolay Ofner, has a background in financial services, leading initiatives aimed at supporting business growth. The company has successfully facilitated a total of 4 financing deals, with its most recent deal occurring on December 13, 2021. FinCompare raised EUR 12.000 mn in its latest funding round, Series A, with contributions from notable investors including 365.fintech, Elevator Ventures, and Speedinvest. The total amount raised by the company is EUR 12.000 mn.FinCompare specializes in providing modern financing solutions tailored for small and medium-sized enterprises (SMEs). The company offers a digital platform that enables businesses to compare various financing options, such as business loans, leasing, factoring, and inventory financing. By facilitating a quick online application process that takes only two minutes, FinCompare allows clients to receive funding within 24 hours. This service is aimed at entrepreneurs and business owners who may have limited equity to fund their operations or are seeking to promote growth through investments. The primary customer base includes SMEs across various sectors, including agriculture, automotive, construction, e-commerce, and services, with offerings available primarily in the German market.FinCompare generates revenue through a commission-based model, earning fees from financial institutions for facilitating financing agreements between these institutions and SMEs. Clients submit requests for financing through FinCompare’s online portal, receiving tailored offers from multiple lenders. The company serves as an intermediary, providing personalized consulting services to guide clients through the financing process. This structure streamlines the application process for businesses and enhances the competitiveness of financing offers by leveraging a network of over 100 financial partners. Specific pricing structures for the services provided are established on a case-by-case basis, depending on the financing solution selected by the client.Looking ahead, FinCompare plans to enhance its digital platform by developing additional financing products aimed at SMEs and targeting a release in 2023. The company is also focused on expanding its services into other European markets, particularly Austria and the Netherlands, by the end of 2024. The recent funding of EUR 12.000 mn raised in December 2021 will be utilized to support these initiatives, strengthening their product offerings and facilitating their market expansion efforts.

## Funding rounds

- Series A, Mar 5, 2020, $13M — UNIQA Group, Speedinvest, ING Ventures, Elevator Ventures, 365.fintech
- Series A, Jun 6, 2018, $12M — UNIQA Group, Speedinvest, ING Ventures, Nirvage GmbH, Gurleon GmbH
- Seed, May 30, 2017, $2.8M — UNIQA Group, Speedinvest, P14 Ventures

## Investors

- UNIQA Group — Seed, Series A
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A
- P14 Ventures (https://capitalatlas.ai/funds/p14-ventures) — Seed
- ING Ventures (https://capitalatlas.ai/funds/ing-ventures) — Series A
- Nirvage GmbH — Series A
- Gurleon GmbH — Series A
- Elevator Ventures (https://capitalatlas.ai/funds/elevator-ventures) — Series A
- 365.fintech (https://capitalatlas.ai/funds/365-fintech) — Series A