In the recent past, we have heard increasingly about the buzzword ‘Fintech,’ used in today’s context for Financial Technology. The Fintech is described as a business that aims at contributing to the financial services by employing modern software and technology. This is already trending in numerous places around the world and has several emerging companies trying to transform the financial industry.
Fincompare raises €10 million in Series A round
One such emerging company is the German-based FinCompare that offers the comparison platform for SME financing (Small and Medium-sized Enterprises). Not long ago, Fincompare completed its Series A round of financing raising around €10 million led by ING Ventures, the venture capital fund of the Dutch bank ING.