SWhat smava does: smava operates an online loan portal in Germany that lets consumers compare and apply for a range of loans, including personal loans and instant credit, by aggregating loan offers from multiple lenders. How its product works: users browse loan options on the platform, compare terms such as interest rates and repayment conditions, and submit an application through smava; the company earns a commission from lenders for each successful loan application initiated via the portal. How it differentiates itself: it provides a transparent, multi-lender loan comparison experience focused on the German market, making it easier for consumers to find favorable financing terms without juggling multiple lender sites. What its goal is: to simplify borrowing for German consumers by offering clear, comparable loan options and smooth access to financing.
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Industries
Company Size
201-500
Company Stage
N/A
Total Funding
$214.1M
Headquarters
Berlin, Germany
Founded
2007
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Total Funding
$214.1M
Below
Industry Average
Funded Over
8 Rounds
The credit comparison portal is thus parting with almost 17 percent of its entire workforce. Following the layoffs at Klarna and Trade Republic, the next fintech is now parting with a significant portion of its workforce. Berlin-based credit comparison portal Smava apparently laid off around 100 employees yesterday, as Financial Scene reported. In total, the company says it has around 600 employees. From marketing to IT, all areas are said to be affected by the layoffs
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
201-500
Company Stage
N/A
Total Funding
$214.1M
Headquarters
Berlin, Germany
Founded
2007
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs