The Berlner FinTech Smava is for sale. “Buyout group Vitruvian is putting German consumer credit online platform Smava up for sale, people close to the matter said” – reports Reuters.
How much could Smava ask for its shares?
The purchase price is 500 million US dollars. British private equity firm Vitruvian Partners joined smava at the end of 2017. At the time, Vitruvian, together with old investors such as Runa Capital, invested a considerable $ 65 million in Berlin-based credit intermediaries.
The valuation should have been around $ 300 million at that time. Overall, smava already collected $ 135 million. Smava was launched in 2007. The startup, led by Alexander Artopé and Eckart Vierkant, once started as a pure peer-to-peer concept – it was initially only about loans from private individual to private person. Since 2011, the FinTech pioneer also offers installment loans from banks.