The investment in the Hamburg-based consumer loans marketplace was led by HarbourVest, with participation from Acton Capital and Highland Europe
In Europe, London tends to grab most of the fintech limelight but other tech hubs in the continent are producing their fair share of fintech companies with comparative success, not least in Germany. Enter Hamburg-based Finanzcheck, the consumer loans marketplace, which today is disclosing it has raised €33 million in Series C funding. The round was led by growth-investor HarbourVest, with participation by Acton Capital Partners, and existing backer Highland Europe. Finanzcheck says it will use the new capital to consolidate its claimed leadership position in Germany’s €70 billion consumer loan market, as well as to accelerate growth and roll out new products. The company has brokered more than €1.3 billion in consumer loans since being founded in 2012
http://techcrunch.com/2016/04/06/german-consumer-loans-marketplace-finanzcheck-closes-e33m-series-c/