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).

People

FOUNDERS

Alexander Artope

Eckart Vierkant

BOARD MEMBERS AND ADVISORS

Christian Nagel

Igal Weinstein

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Earlybird Venture Capital

Lukasz Gadowski

Neuhaus Partners

Oliver Jung

Peter Schüpbach

Phenomen Ventures

Runa Capital

Stefan Glaenzer

Tim Schwenke

Verdane Capital Advisors

Vitruvian Partners

KEY EMPLOYEES:

Alexander Artopé(CEO)

Momentum

FUNDED

YES

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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