Berlin based FinTech Smava has raised €57mn in its latest fundraising.
In Brief:
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Smava is a credit comparison platform that helps find loans for customers.
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The round included Kreos Capital and existing investors Earlybird, Verdane, Vitruvian Partners and Runa Capital.
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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.
