Nigerian Insurance Comparison company, TopCheck raises €1 million

by | Aug 27, 2015

TopCheck, a Nigerian insurance comparison site for financial services has just raised 1 million Euros in its second round of funding according to this post on their blog.

TopCheck allows users to perform searches on various financial services such as car insurance, and gives the user a quote of the various companies offering the financial service.

The founding team have many years of internet experience, having previously worked in Google, Rocket Internet, PricewaterhouseCoopers, and DailyDeal.

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The investment round was led by Mountain Partners and business angel, Dr Cornelius Boersch. The European Investment Fund, the founders of Trivago, and business angels Alexander Fugger, Ron Hillmann and Martin Scherrer have also put money in, as have Lendico co-founder Clemens Paschke, the founders of Radcarpet and former Rocket chief operating officer (COO) Ferdinand Kalm.”

“Traditionally, the financial services sector in Nigeria is highly informal and customers end up paying more money than they should. The reason is that there is no centralised information source for comparing services. TopCheck is changing this with its online platform that is equally optimised for desktop and mobile,” founder, Thomas Pilar added.

The funding will be used to expand Topcheck’s team of 10 and grow into new markets.

Yemi Johnson
Yemi Johnson

Chief @ Hotels.ng. I write a quarterly or sometimes half-yearly newsletter. Sign up here: yemijohnson.com

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