At the time of investment, smava had established itself as a leading online marketplace for consumer loans and credits in Germany. The company was well-positioned to capitalise on the offline-to-online migration in the consumer finance space with a strong value proposition towards consumer borrowers and bank lenders.
Since its investment, Verdane has worked closely with smava’s management to accelerate growth in Germany and specifically leveraging Verdane’s experience from the more digitally penetrated Nordic market, gained through Verdane’s previous and current investments, including consumer finance comparison company Compricer.