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).
People
FOUNDERS
Alexander Artope
Eckart Vierkant
BOARD MEMBERS AND ADVISORS
Christian Nagel
Igal Weinstein
NUMBER OF EMPLOYEES
201-500
INVESTORS:
KEY EMPLOYEES:
Alexander Artopé(CEO)
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
5
TOTAL FUNDING
$125.89 M
DATE OF LAST FUNDING
Jan 2018
TOTAL FUNDING COMMENT
The company is planning to use the fund for expending its business across Europe (Jan 2018).
FUNDING SERIES
SERIES A · $5.42 M · May 2007
SERIES B · $16 M · Apr 2015
SERIES C · $34 M · Oct 2016
SERIES D · $65 M · Jan 2018
OTHERS · $5.47 M · Nov 2011
LISTED
NO
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