The startup TopCheck (topcheck.com), founded by an international team of entrepreneurs, offers financial product comparison to African consumers and it launched recently in Nigeria. The startup has now raised one million Euros from well-known European investors.
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Online financial comparison startup raises €1 million euros from investors
TopCheck, which the company dubs as the “bankrate of Africa”, offers users the ability to currently compare and buy insurance services.
TopCheck is an online financial services comparison platform.
TopCheck, which the company dubs as the “bankrate of Africa”, offers users the ability to currently compare and buy insurance services. The company says other financial products will follow.
“We bring a business model that is very successful in Europe and the US to the growth market of 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.
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“And as a founding team with many years of Internet experience, we’re very well set to be the number on player in this space.”
The founders of the company have both founded companies in the past and previously worked for companies like Google, Rocket Internet, PriceWaterHouseCoopers, DailyDeal, amongst others.
The company says this is what convinced renowned investors like globally active venture builder Mountain Partners, and business angel Dr. Cornelius Boersch. Boersch brings along the European Investment Fund as co-investor. Founders of Trivago are also investing in the company, joined by business angels Alexander Fugger, Ron Hillmann, Martin Scherrer (former CFO of Comparis, the Swiss comparison site), co-founder of Rocket internet’s Lendico, Clemens Paschke, founders of RadCarpetFlorian Resatsch and Uwe Sandner, and Ferdinand v Kalm (former Rocket Internet COO).
TopCheck is already helping Nigerians compare and buy services online, with additional markets and other verticals already in the pipeline. The company is currently expanding on its team of ten in Lagos.
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