Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

InMyBag lands £300,000 from investors including onefinestay co-founder

Need to Know

What tech giants Siemens and Apple have planned for post-Brexit Britain

Investments

London-based Vantage Power closes £2.5m pre-Series A

Press Releases

Doctor Care Anywhere selected to join the Mayor of London’s International Business trade mission
Doctor Care Anywhere partners with Aetna International to make its virtual doctor service available 24 hours a day to international patients
Starling Bank unveils beta as it begins roll out to first customers

London FinTech firm CompareEuropeGroup secures €20m Series A

the-compareeuropegroup-team
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

CompareEuropeGroup has closed a €20m Series A round, with investors including ACE & Company, Pacific Century Group, Nova Founders Capital and SBI Holdings (formerly Softbank Investments).

Also participating in the round were Mark Pincus, founder of Zynga; Peter Thiel, founder of Paypal and first outside Facebook investor; and others.

The financial management platform for insurance, banking, and telco products was founded in 2015 by Antonio Gagliardi, Thomas Munk and Mads Faurholt-Jorgensen.

FinTech firm Currencycloud closes £20m Series D led by Google’s VC arm

Headquartered in London, CompareEuropeGroup seeks to digitise and automate banking, insurance and telco advisory and brokerage jobs, in order to make personal finance advice unbiased and available around the clock.

The company uses AI to help its users find and choose the most suitable products to meet their needs. Customers are then informed when better products become available.

“We want to radically improve the way consumers buy banking, insurance and telco products,” said co-founder and chief marketing officer, Thomas Munk.

“Today, they are forced to either spend an incredible amount of time to collect the product information from many sites or branches, or rely on the advice of agents and brokers whose incentives are often misaligned with theirs. That’s simply not acceptable in 2017,” he added.

The company intends to use the new funds to improve user experience by developing its proprietary technology and advancing its big data and machine learning capabilities. It also intends to build its staff count, which currently stands at over 100 people.

CompareEuropeGroup’s service is currently live in five European countries Denmark, Portugal, Finland, Belgium and Norway.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

InMyBag

InMyBag lands £300,000 from investors including onefinestay co-founder
posted 15 hours ago

Brexit

What tech giants Siemens and Apple have planned for post-Brexit Britain
posted 18 hours ago

161014 Vantage Power: Reading Buses, Live trial.

London-based Vantage Power closes £2.5m pre-Series A
posted 20 hours ago

Scotland

Edinburgh-based Reactec closes £700,000 round led by Archangels
posted 22 hours ago

Edinburgh

Edinburgh’s tech accelerator Seed Haus launches £300,000 investment fund
posted on March 28, 2017

Bristol - South West of England

Top tech hubs in the South West of England
posted on March 27, 2017