Topcheck which says it is the ‘bankrate of Africa’ and is looking to be the preferred comparison site for financial services has raised a million euros to help in driving its financial comparison products to the African and Nigerian market.
Topcheck recently launched in Nigeria and a check of their website shows they currently enable users search, compare and buy car insurance from a list of providers.
See full text of press release below;
Berlin/Lagos, 25 August 15 – Founded by an international team of entrepreneurs, the startup TopCheck (topcheck.com.ng) offers comparison of financial products to African consumers and has recently launched in Nigeria. The startup now raised one million Euros from well-known European investors.
TopCheck is the „Bankrate of Africa“, a price comparison platform for financial services. „On TopCheck, African users can currently compare and buy insurances. Further financial products will follow. We bring a business model that is very successful in Europe and the US to the growth market Africa“ says founder Thomas Pilar.
„With TopCheck, African consumers can finally enjoy the security and convenience of buying financial services online. We bring transparency to a market that traditionally suffers from inefficiency. Our customers can compare prices and save money“, Pilar explains. „And as a founding team with many years of internet experience, we’re very well set to be the number one player in this space“. The founders, who have founded their own companies in the past, have previously worked for Google, Rocket Internet, PricewaterhouseCoopers, DailyDeal.
This convinced renowned investors. The globally active venture builder Mountain Partners could be won as lead investor, as well as business angel Dr. Cornelius Boersch. Boersch brings along the European Investment Fund as co-investor. The founders of Trivago are investing, joined bythe business angels Alexander Fugger, Ron Hillmann, who also helped with investor acquisition,Martin Scherrer (former CFO of Comparis, the Swiss comparison site), the co-founder of Rocket Internet’s Lendico Clemens Paschke, the founders of Radcarpet Florian Resatsch and Uwe Sandner, and Ferdinand v Kalm (former Rocket Internet COO).
TopCheck is already helping Nigerians comparing and buying services online, additional markets and verticals are in preparation. The company is currently expanding its team of ten in Lagos.