CompareEuropeGroup, a London, UK-based financial management platform for insurance, banking and telco products, secured €20m in Series A funding.
Backers included ACE & Company, Pacific Century Group, Nova Founders Capital, SBI Holdings, Mark Pincus, Peter Thiel and others.
The company intends to use the funds to continue to improve the user experience improving the process of comparing, getting and managing banking, insurance and telco products, further develop its proprietary technology including advancing its big data and machine learning capabilities, and hire people.
Founded in 2015 by Managing Director Antonio Gagliardi, Chief Marketing Officer Thomas Munk and Chairman Mads Faurholt-Jorgensen, CompareEuropeGroup operates a financial management platform for insurance, banking, and telco products such as car insurance, personal loans, credit cards and broadband subscriptions with a presence in Denmark, Portugal, Finland, Belgium and Norway.
The company’s platform leverages data, machine learning and AI to allo users to select and get the best products for them and to manage the product throughout the lifecycle.
The service is free for the user.
The company has a team of over 100 people and already works with more than 50 banks, insurance and telecom companies across Europe.