INSUBCONTINENT EXCLUSIVE:
The round is led by ING Ventures, the venture capital arm of dutch bank ING
since entering the market in February 2017 says it has attracted more than 2,500 customers and has processed more than one billion Euros
The new capital will be used by FinCompare to invest in its IT platform, including expanding the team, and for further European
expansion.The FinCompare platform itself follows a pretty traditional price comparison model, letting small to medium-sized businesses find,
compare and even close a variety of financing options such as credit, leasing, factoring and finetrading
The products on offer are from more than 200 banks, alternative financial service providers, and development banks online.The comparison
financing solution in the form of commission from its financing partners
The fintech is also keen to talk up its independence in light of backing from ING Ventures, noting that remaining neutral in terms of the
Ventures.Legrand also says the German SME industry is among the most attractive in Europe
Switzerland during the next few months
Netherlands and Poland are also on the list, along with the U.K
include Fundingoptions, and Capitalise.
