Smava
FOUNDING YEAR: 2007
LOCATION: Germany
Last Update: 01/05/2020
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MEDICI Analysis
Smava is a Germany-based online comparison site for personal loans, on which each participant receives the credit online loan with the best terms from a wide selection.
Focus
PRODUCTS & SERVICES
Online comparison portal for loans
REVENUE MODEL
Smava generates revenue by collecting around (2-2.5 %)of fee on funded loans from borrowers
EXISTING PARTNERSHIPS
Smava has partnered with e-commerce sites to enable loans for purchasing larger items suah as.ebay
etc.
Traction
VALUATION / MARKET CAP:
$300 M in 2018
VALUATION COMMENT:
Third party sources claims the company valuation is around $300 M (Jan 2018).
REVENUE
$500k - $999k
TRANSACTIONS VALUE:
$600 M
TRACTION COMMENT:
The company is planning to achieve €1.2 billion transact with €3 billion over the lifetime of the startup from about 300,000 customers (Jan 2018).
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