Menu

Search

  |   Fintech

Menu

  |   Fintech

Search

UK fintech CompareEuropeGroup raises €20M in Series A

CompareEuropeGroup, a London fintech company, announced that it has closed €20 million in Series A funding round that saw investors including ACE & Company, Pacific Century Group, Nova Founders Capital and SBI Holdings, as reported by TechCityNews.

The funding round also saw investments from Mark Pincus, founder of Zynga; Peter Thiel, founder of Paypal and first outside Facebook investor; and others. The company plans to utilize the funds to improve the user experience by developing its technology and advancing its big data and machine learning services.

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

With the funding, the fintech firm also plans to build its staff count, which currently stands at over 100 people. Founded in 2015, CompareEuropeGroup seeks to digitize and automate banking, insurance and telco advisory and brokerage jobs, to make personal finance advice impartial and available all the time.

Using artificial intelligence, the company helps its customers find and choose suitable products to meet their needs. Its services are available in five European countries Denmark, Portugal, Finland, Belgium, and Norway.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

November 24 15:30 UTC Released

USECRI Weekly Index*

Actual

145.6 %

Forecast

Previous

145.6 %

November 24 14:45 UTC Released

US1st Half-Mth Infl YY*

Actual

54.6 %

Forecast

Previous

54.6 %

November 27 09:00 UTC 32023202m

ITExport Prices*

Actual

Forecast

Previous

111 %

November 27 09:00 UTC 32023202m

ITImport Prices*

Actual

Forecast

Previous

116.1 %

November 27 14:00 UTC 35023502m

MXTrade Balance, $*

Actual

Forecast

Previous

-1.886 Bln USD

November 27 14:00 UTC 35023502m

MXTrade Balance SA*

Actual

Forecast

Previous

-1.559 Bln USD

November 27 15:30 UTC 35923592m

USDallas Fed mfg bus index

Actual

Forecast

Previous

27.6

November 27 21:00 UTC 39223922m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

87 Bln BRL

November 28 00:00 UTC 41024102m

BRCentral Govt Balance

Actual

Forecast

Previous

-22.725 Bln BRL

November 28 07:00 UTC 45224522m

DEGDP Growth QQ* Advance

Actual

Forecast

Previous

10.7 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.