Berlin FinTech FinCompare has secured €12mn in Series A+ funding.
This brings total series A funding to €22mn.
The round was led by existing investors including Speedinvest, ING Ventures and UNIQA Ventures.
It also included international financial investors such as RBI Ventures.
What does this mean?
According to the FinTech’s founder and CEO Stephan Heller, the round was oversubscribed. FinCompare uses technology like automation to help SMEs customise finance solutions. The investment will help the company strengthen its matching technology, predictive scoring and CRM systems.