What is FinCompare?
Fynbiz, formerly known as FinCompare, functions as a comprehensive digital marketplace designed to optimize the financing landscape for SMEs. The platform aggregates over 100 distinct financial products, ranging from traditional business loans and leasing agreements to specialized inventory financing. By providing a centralized hub for comparison, the company empowers business owners to secure competitive terms while receiving professional guidance throughout the application lifecycle. Their value proposition is anchored in efficiency, offering a streamlined digital interface that guarantees feedback within 48 hours, thereby reducing the friction typically associated with corporate credit acquisition.
How much funding has FinCompare raised?
FinCompare has raised a total of $27.4M across 2 funding rounds:
Angel/Seed
$2.8M
Series A
$24.6M
Angel/Seed (2017): $2.8M with participation from Speedinvest and Uniqa
Series A (2020): $24.6M led by UNIQA Ventures, ING Ventures, Speedinvest GmbH, and RBI Ventures
Key Investors in FinCompare
Speedinvest
A prominent European venture capital firm that provides early-stage funding and operational support to technology startups across various sectors.
UNIQA Ventures
The corporate venture capital arm of the UNIQA Insurance Group, focusing on strategic investments in fintech, insurtech, and digital health startups.
ING Ventures
The venture capital division of ING Group, dedicated to investing in innovative fintech companies that align with the bank's digital transformation and customer-centric strategies.
What's next for FinCompare?
With the successful closure of this major strategic investment, Fynbiz is well-positioned to expand its market footprint and enhance its proprietary matching algorithms. The company is expected to focus on deepening its integration with banking partners to offer more bespoke financial products, further solidifying its role as a critical intermediary in the SME lending sector. As the firm scales, the focus will likely shift toward automating complex underwriting processes and expanding its service portfolio to include more sophisticated treasury management tools. This trajectory suggests a long-term commitment to becoming the primary financial operating system for European small and medium-sized enterprises, ensuring that capital remains accessible and transparent for growing businesses.
See full FinCompare company page
