ComparaGuru.com, a Mexican financial management platform for insurance and banking products, raised US$7m in Series A funding.
The round was led by QED Investors, alongside Peter Thiel (founder of Paypal and first outside investor in Facebook), Struck Capital, existing investors Nova Founders Capital and Seaya Ventures.
The company intends to use the proceeds to continue to improve the user experience by making the process of comparing, getting and managing insurance and banking products easier and to further develop its proprietary technology including advancing its big data and machine learning capabilities.
Founded in 2014 co-founders and Managing Directors Freddy Dominguez, Bernardo Prum and Ivan Hernandez, and co-founder and chairman Mads Faurholt-Jorgensen, ComparaGuru.com is an innovative technology platform that seeks to digitize and automate insurance, banking and brokerage jobs, thereby making personal finance advice available and tailored to the users’ personal needs. The company focuses on data, machine learning and AI to enable users to get the best car insurance, personal loans and credit cards for them and to manage the product throughout the lifecycle.