Aussie fintech Finder secures first capital injection worth $22m – FinTech Futures

Australian personal finance and price comparison platform Finder has secured its first external funding since it launched in 2006.

Finder co-founder Fred Schebesta

Tech growth investor Future Now Capital has committed around $22 million (AUD 30 million) and the new funds will go towards developing new consumer products in Australia, USA, the UK and Asia.

The fintech, which operates in more than 50 countries, now has a pre-money valuation of around $465 million (AUD 650 million).

Finder is a comparison website that provides information on a number of products, including bank cards, loans, savings and insurance.

Co-founder Fred Schebesta says the fintech is a 15-year-old technology company that has been “bootstrapped since day one”.

“But today we are taking on our first ever partner to help accelerate the accessibility of our financial management platform to a global audience.”

In April, the firm acquired Singapore-based fintech GoBear as part of its Southeast Asian expansion.

The deal, the financial details of which were not disclosed, included GoBear’s trademark and its digital assets – including its domains, social channels and website content.

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