Berlin FinTech raises €250mn funding

January 20, 2020 | FinTech

Written by FinTech Alliance

Berlin FinTech raises €250mn funding

German tech subscription company Grover has closed a deal brining total funding up to €250mn.

In Brief:

  • This includes an existing facility with Varengold Bank.

  • Total fundraising by the company has reached €300mn.

  • Grover allows users to ‘flexibly rent’ technology at different stages in its lifecycle.

What does this mean?

A leader in European consumer electronics rentals, Grover supports the Circular Economy, reducing waste and increasing affordability. Last year it recirculated almost 100,000 devices.

Read more here.

 

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