What is FinCompare?
FinCompare, rebranded as Fynbiz, operates a modern financing solutions platform specifically tailored for small and medium-sized enterprises (SMEs). The company facilitates comparisons for over 100 financing options, encompassing business loans, leasing, and inventory financing, aiming to secure competitive terms and provide professional guidance. Its digital platform is designed to expedite the financial goal achievement for businesses through a streamlined online application process, promising feedback within 48 hours. This focus on efficiency and comprehensive market access positions FinCompare as a key facilitator in the SME lending ecosystem.
How much funding has FinCompare raised?
FinCompare has raised a total of $27.4M across 2 funding rounds:
Angel/Seed
$2.8M
Series A
$24.6M
Angel/Seed (2017): $2.8M with participation from Speedinvest and Uniqa
Series A (2020): $24.6M led by ING Ventures, UNIQA Ventures, Speedinvest GmbH, and RBI Ventures
Key Investors in FinCompare
ING Ventures
ING Ventures is an investment arm focused on identifying and backing innovative companies that align with ING's strategic goals in financial services.
UNIQA Ventures
UNIQA Ventures is a venture capital firm that invests in early-stage technology companies, particularly those in the fintech and insurtech sectors, aiming to foster innovation within the financial services industry.
Speedinvest GmbH
Speedinvest is a prominent European venture capital firm that invests in technology startups from seed to Series A, with a focus on sectors such as fintech, deep tech, and marketplaces.
What's next for FinCompare?
With a substantial enterprise-level funding history, FinCompare (Fynbiz) is strategically positioned for continued expansion and enhancement of its SME financing comparison services. The recent major strategic investment suggests a focus on scaling operations, potentially through technology development, market penetration, or strategic partnerships. The company's trajectory, marked by consistent capital injections from notable investors, indicates a strong market demand for its efficient and transparent financing solutions. Future growth is likely to involve broadening its network of financing partners and further optimizing its platform to serve a wider SME clientele, solidifying its role as a critical intermediary in the business finance landscape.
See full FinCompare company page
