Smava is an online loan comparison platform that offers cheaper loan options to consumers.
smava, one of the credit comparison portals in Germany, continued the strong growth path of previous years in 2019: The brokered loan volume grew by 35% from around EUR 2 billion in 2018 to around EUR 2.7 billion. Likewise, smava grew again significantly in the first quarter of 2020: smava was able to increase the loan volume brokered by 45% compared to the same quarter of the previous year to approx. EUR 900 million. In total, smava has already brokered more than 8 billion euros in loans.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
May 27, 2020 | Debt Financing | €35M | 1 | Kreos Capital | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Kreos Capital | Yes | Debt Financing |