Berlin based FinTech Smava has raised €57mn in its latest fundraising.
Smava is a credit comparison platform that helps find loans for customers.
The round included Kreos Capital and existing investors Earlybird, Verdane, Vitruvian Partners and Runa Capital.
The company compares over 70 loans across 20 banks.
What does this mean?
The funding raised is a mixture of capital and growth debt. Since its foundation in 2007, Smiva has so far raised up to Series D, a €65mn round over two years ago. It says its growth has increased in the first quarter of the year.