Smava buys Finanzcheck

The two platforms for credit comparisons become one company. The takeover apparently costs Smava 200 million euros.

They both offer credit comparisons, last year they jointly brokered more than four billion euros - now one is taking over the other. As the two start-ups announced today, the credit portal Smava is buying 100 percent of the financing platforms Finanzcheck. According to information from the Handelsblatt, 200 million euros are to flow for this at the end of February. The money comes from Smava's existing investors Earlybird Venture Capital, Kreos Capital and other investors. Proventus Capital Partners is a new investor. The seller Speedster Bidco is to take a ten percent stake, according to Handelsblatt.

"It is our clear goal to become the number one contact point for consumer loans in Germany. The purchase of Finanzcheck is a significant step in this direction," said Alexander Artopé, CEO of Smava. Founded in 2007, the company says it has so far brokered loans to half a million customers.

Finanzcheck has a cross-bank approach to its offering and says it employs 320 people. CEO Moritz Thiele COO and Andreas Kupke will step down from their positions after the merger.

Like it? Please spread the word:


Startups, Stories und Statistiken direkt in dein Postfach. Mit 2 Klicks abonnieren. Noice.

LinkedIn Connect

Take care, give care

Hat dich diese News informiert oder unterhalten? Dann würden wir uns freuen, wenn du deinem Netzwerk davon erzählst.

Auf Linkedin teilen Auf Facebook teilen Auf Xing teilen

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts