Smava Valuation, Funding & Investors

Smava is valued at $300M as of January 2018.

See full Smava profile

Last Smava valuation

$300M

Series D · Jan 2018

Last Smava funding round

$25M

Series E · Dec 2019

Cumulative funding Smava raised

$140M

across 4 funding rounds

Key investors in Smava

  • Earlybird VC
  • Runa Capital
  • Verdane
  • Vitruvian Partners
  • Banca Sella Holding
  • Phenomen

Smava Overview

About Smava

smava is a Berlin-based credit comparison portal in Germany that brokers consumer loans. In 2019, it facilitated EUR 2.7 billion in volume, up 35% from EUR 2 billion in 2018, and reached EUR 900 million in Q1 2020, a 45% increase year-over-year. Cumulative brokered loans exceed EUR 8 billion through its online marketplace connecting borrowers with banks.


Founded

2007

HQ

GermanyBerlin

Website

smava.de

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$300M (Jan 2018)

Smava Valuation

Smava is currently valued at $300M, based on its Series D in January 2018.

The $65M round was led by Vitruvian Partners, with participation from Runa Capital.

Smava valuation by funding round

Smava valuation by funding round
DateStageValuation
Jan 2018Series D$300M

Smava Funding History

Smava has raised a total of $140M across 4 funding rounds.

Smava's first fundraising round was a $16M Series B in April 2015. The most recent completed round was a $25M Series E in December 2019.

Smava funding rounds

Smava funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2019Series EBanca Sella Holding; Verdane; Runa Capital; Vitruvian Partners; Earlybird VC$25M--
Jan 2018Series DVitruvian Partners (lead); Runa Capital$65M$300MSmava is Germany's largest independent consumer loan portal, operating as an online marketplace that connects borrowers with over 70 loan products from more than 25 banks and private lenders, enabling comparisons for personal, car, retiree, and other financing needs with average loan values exceeding €10,000. The platform has brokered over $3 billion in loans since inception in 2007, including approximately $1.5 billion in 2017. In January 2018, Smava closed a $65 million Series D funding round led by Vitruvian Partners, with participation from Runa Capital and other existing investors like Verdane Capital and Earlybird, bringing total funding to around $135 million. Vitruvian partner Jussi Wuoristo joined the advisory board post-investment. The funds aim to accelerate product innovation, technology development, and expansion into new market segments amid growing online penetration for personal loans in Germany. Sources indicate the post-money valuation was around $300 million, though not officially disclosed by the company, and Smava had achieved profitability in the prior year with 300 employees across 36 nationalities.
Oct 2016Series CRuna Capital (lead); Verdane; Mojo Capital; Earlybird VC$34M--
Apr 2015Series BPhenomen (lead); Banca Sella Holding; Neuhaus Partners; Earlybird VC$16M-Smava is a German fintech company operating as a peer-to-peer lending marketplace that connects borrowers with investors, including banks and private individuals, using proprietary algorithms for automated loan vetting and approval. The platform focuses on the consumer lending market in Germany, offering low interest rates through full automation. In April 2015, Smava raised $16 million in a growth funding round led by Phenomen Ventures, with participation from existing investors Earlybird Venture Capital and Neuhaus Partners. This brought total funding to nearly $30 million. The capital was intended to accelerate business growth, advance customer scoring technology, hire talent, and expand operations. By March 2015, Smava had surpassed $600 million in loan volume, with loan originations growing 100% in the prior year.

Who has invested in Smava?

8 investors have backed Smava across its funding rounds, including Earlybird VC, Runa Capital, Verdane, Vitruvian Partners, Banca Sella Holding and Phenomen.

Lead investors include Vitruvian Partners, Runa Capital and Phenomen.


Smava Investors

Investors in Smava by funding rounds participated
InvestorHQRoundsRoleFirst check
Runa CapitalLuxembourgLuxembourg3LeadOct 2016
Earlybird VCGermanyBerlin3ParticipantApr 2015
Banca Sella HoldingItalyBiella2ParticipantApr 2015
VerdaneNorwayOslo2ParticipantOct 2016
Vitruvian PartnersUnited KingdomLondon2LeadJan 2018
Neuhaus PartnersGermanyGermany1ParticipantApr 2015

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Acquisitions by Smava

Smava has acquired 1 company to date.

Last acquisition by Smava was on February 12th 2021. Smava acquired Finanzcheck.de for $216M.


Latest Acquisitions by Smava

Finanzcheck.de
Description
Finanzcheck.de is a Berlin-based technology platform that allows German consumers to compare personal loans and private financial products. The service covers the full process from customer acquisition and credit scoring to contract signing. It also delivers B2B2C white-label solutions and B2B financing technology for brokers and banks. Backed by investors including Acton Capital Partners and HarbourVest Partners, the platform supports independent loan matching for individuals seeking optimal terms.
HQ CountryGermany
HQ City
Hamburg
Deal Date12 Feb 2021
Valuation$216M
EV/Revenue
EV/EBITDA

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Smava Competitors

Smava competitors include listed companies like Multitude, Adventure, Turtlemint and Nerdwallet, and private ones like Jar and M1xchange.

Public and private companies comparable to Smava
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MultitudeFinlandFinlandPublicly listed$277M$33M$144M-
AdventureItalyItalyPublicly listed$19M$4M$266M-
TurtlemintIndiaIndiaPublicly listed$73M($18M)$404M2.8x
NerdwalletUnited StatesUnited StatesPublicly listed$837M$112M$587M0.6x
JarIndiaBangalorePrivate$262M-$300M1.1x
M1xchangeIndiaGurgaonPrivate--$333M-

Smava Public Comps

Smava is still privately-owned, but its public comps include Blend Labs, Everyday Network Co., Adventure, Younited, TROOPS, Net Protections Holdings, LendingTree, Better Home & Finance, Oportun and Angi.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Blend Labs$124M$3M3.5x3.4x147.5x24.7x
Everyday Network Co.$16M($6M)17.0x-(42.4x)-
Adventure$19M$4M14.4x-79.1x-
Younited$113M$10M2.2x1.5x25.9x6.6x
TROOPS$17M($27M)15.1x-(9.5x)-
Net Protections Holdings$162M$30M1.0x1.0x5.5x5.1x
LendingTree$1.1B$89M0.6x0.6x7.7x4.8x
Better Home & Finance$207M($152M)3.8x4.0x(5.2x)(11.1x)

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Common questions about Smava

When was Smava founded?Smava was founded in 2007.
Where is Smava headquartered?Smava is headquartered in Berlin, Germany.
Is Smava publicly listed?No, Smava is a private, VC-backed company.
What is Smava's valuation?Smava was last valued at $300M in its Series D in January 2018.
How much funding has Smava raised?Smava has raised $140M across 4 funding rounds.
What was Smava's last funding round?Smava's last funding round was a $25M Series E in December 2019.
Who are Smava's investors?Smava's investors include Runa Capital, Earlybird VC, Banca Sella Holding, Verdane, Vitruvian Partners, Neuhaus Partners, Phenomen and Mojo Capital.
Which companies are comparable to Smava?Companies comparable to Smava include Multitude, Adventure, Turtlemint, Nerdwallet, Jar and M1xchange.
How many companies has Smava acquired?Smava has acquired 1 company, including Finanzcheck.de.
What was the largest acquisition by Smava?The $216M acquisition of Finanzcheck.de in February 2021 is the largest acquisition Smava has made to date.

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