ACE INVESTMENT UPDATE:  COMPAREEUROPEGROUP

It gives us great pleasure to share the news that CompareEuropeGroup have raised $21m. We are delighted to have participated in the round, which included Peter Thiel, Mark Pincus, SBI Holdings, Nova Founders Capital and Richard Li’s Pacific Century Group.

This is great news for CompareEuropeGroup, who are Europe’s fastest growing financial management platform for insurance, banking, and telco products (such as car insurance, personal loans, credit cards and broadband subscriptions).  The proceeds will be used to continue to improve the user experience by making the process of comparing, getting and managing banking, insurance and telco products significantly easier. As part of this, the Group will further develop its proprietary technology including advancing its big data and machine learning capabilities. In addition, CompareEuropeGroup will continue to hire exceptional talent to help support the Group’s growth momentum and invest in reaching even more consumers to help them save time and money.

“Both consumers and partners have welcomed CompareEuropeGroup with open arms. The insurance, banking and telco markets are a unique opportunity with plenty of room for technological progress. We are excited to be part of this ambitious journey,” says Marc Syz, Managing Director at ACE & Company.

The company was founded in 2015 and based in the UK, has additional offices in Denmark, Portugal, Finland, Belgium and Norway and has more than 100 employees.

More coverage of the investment here

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