365.fintech co-invests in Series A financing round of a German SME financing platform.
We are excited to announce our participation in a Fincompare Series A financing round led by prominent European fintech investors such as Speedinvest, ING Ventures and UNIQA Ventures.
365.fintech joined the oversubscribed €12 million Series A extension round, bringing the total Series A size raised by Fincompare to €22 million.
FinCompare, founded in 2016, is a Berlin-based fintech startup with the vision to become Europe’s leading one-stop financing platform for SMEs. The platform provides SMEs with tailor-made financing solutions from more than 250 banks, both directly and indirectly. On the other side, it is currently used by more than 1,000 financial advisors for their daily brokerage businesses with their customers. Additionally, financing providers use the platform to offer credit solutions, as well as highly flexible financing solutions, such as leasing, factoring, and purchase financing, to a strong and growing base of more than 25,000 registered SMEs.
“We believe that European SMEs are still significantly underserved in financial services. Thus one of our core investment thesis for European fintech is supporting platforms and infrastructure which enables better financial products for small and medium businesses. Fincompare is well positioned to improve access and eventually provide better service to SMEs in Germany and broader Europe” adds Tomáš Vyšný, Investment Advisor of 365.fintech.