Smava raises 4 million Euro in second VC round
Smava.de, offering p2p lending in Germany, today successfully closed it’s second VC round. Earlybird and Neuhaus Partners invested 4 million Euro (approx 5.5 million US$). Earlybird did already invest 4 million Euro in Smava in the first round. Smava CEO Alexander Artopé announced that Smava will use the money for product development, marketing and internationalization.
Smava funded a loan volume of 535,000 Euro in September generating revenues (1percent origination fee) of 5,350 Euro plus an undisclosed amount (my estimate:<1,000 Euro) in commissions for insurance products.
The growth of the funded volumes per month can be seen in this chart.
Tags: alexander artope, earlybird, Germany, neuhaus partners, Smava, smava.de, vc, venture capital
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