Startup
Munich Car Subscription Service Raises Up To EUR 1 Billion
FINN has concluded asset-backed-security (ABS) funding that could be work ten figures.
Feb 13, 2025
Banks Citi and Jeffries, together with investment fund Avellina Capital, led the deal, which could reach one billion euros. FINN says it will use the capital influx to grow its fleet and expand in Europe.
FINN’s business model allows users to subscribe to a car and have it delivered directly to their doorstep. The subscription includes carefree service and handles insurance, financing, registration, taxes and maintenance.
At present FINN owns more than 25,000 vehicles available to private and business customers. The company has reportedly raised some EUR 250 million in equity and secured over EUR one billion in debt financing and leasing agreements in the past.
