CAPinside AG closes seed round with over 3.3 million euros
Hamburg — Five months after the official launch of the independent online comparison platform for investment products, the company has now secured the support of well-known investors and over 3.3 million euros in equity capital for the further development of the online platform in a first round of financing.
“We want to give everyone independent access to the best and most relevant investment products,” says Philipp Schröder, CEO of the platform. Currently, CAPinside provides its automated real-time comparisons of over 40,000 investment products as well as their ratings for professional investors free of charge. Thus, the fintech from Hamburg offers the best possible decision support for investors.
“There is hardly an industry that has damaged itself so much through systematic intransparency and which, at the same time, is still so little digitized as the investment industry. And this is despite the fact that investment funds are actually completely unrivaled as a form of investment due to historically low interest rates,” says Schröder, who successfully promoted the digitization and demonopolization of the energy industry before founding CAPinside. “CAPinside aims to regain trust through transparency by developing our comparison technology to help private investors make better and more informed financial decisions in the future,” Schröder said.
To ensure this, CAPinside has now raised fresh capital and will launch a comparison platform in April 2019 that can also be used by non-professional investors. The capital round was led by Thomas Pütter, the well-known venture capitalist and ex-CEO of Allianz Capital Partners, who also chairs the supervisory board of CAPinside AG. The investors continue to include Andreas Kupke, co-founder of Finanzcheck.de, Christoph Ostermann, founder and CEO of the technology start-up sonnen, and Alexander Holtappels, CEO and founder of the Hamburg-based software company SABIO.
Since September 2018, over 7,000 professional users have registered with CAPinside.com and over 2 million non-registered users visit the site per month. www.capinside.com