FINN
Financials
Estimates*
EUR | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 4.0m | 50.0m | 119m | 160m |
% growth | - | 1150 % | 138 % | 34 % |
Profit | (4.2m) | (19.9m) | - | - |
% profit margin | (104 %) | (40 %) | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
€8.8m | Seed | ||
* | €20.0m | Series A | |
* | €500m | Debt | |
* | €103m | Series B | |
* | €25.0m | Debt | |
* | €100m Valuation: €548m 3.4x EV/LTM Revenues | Series C | |
* | €1.0m Valuation: €548m 3.4x EV/LTM Revenues | Late VC | |
Total Funding | $256m |
Recent News about FINN
EditFinn.com operates in the automotive industry, providing a unique car subscription service. This innovative business model caters to clients who desire flexibility and convenience in their vehicle usage. Unlike traditional car leasing or ownership, Finn.com offers a more adaptable solution, allowing customers to change their vehicle every 6-12 months without the burden of a down payment.
The company's service includes insurance, maintenance, and roadside assistance, all bundled into a single monthly fee. This comprehensive package eliminates the hassle of dealing with multiple providers and paperwork, making the process of getting a new car as simple as possible.
Finn.com's approval process is swift, with customers able to get approval within minutes. The company also offers doorstep delivery of the vehicle, further enhancing the convenience for the customer. Once the term is over, customers have the option to select a new vehicle or simply end the subscription.
The company's market consists of individuals who value flexibility, convenience, and the experience of regularly driving a new car. With a high customer satisfaction rate, as evidenced by its 4.2 stars on Trustpilot, Finn.com has successfully served over 20,000 happy drivers.
Finn.com's revenue model is based on the monthly subscription fees paid by its customers. The company's offering of luxury vehicles, such as the Audi A3 Sedan, Audi A5 Sportback, and Audi Q5 S line, also positions it in the premium segment of the market.
Keywords: Car Subscription, Flexible Vehicle Usage, Insurance Included, Maintenance Included, Quick Approval, Doorstep Delivery, Customer Satisfaction, Monthly Fee, Luxury Vehicles, Premium Market.