Smava

lendingother lending

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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