FINN funding news – FINN Secures up to €1 Billion to Finance Fleet Growth

The financing is provided by leading global banks, including Citi and Jefferies. At the same time, Avellinia Capital is extending and expanding its commitment to fleet financing.

The debt capital will enable the Munich-based company to further expand its fleet and thus grow more efficiently in its home market of Germany and Europe.

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Nikolai Schröder, COO and co-founder of FINN, commenting on the completion of ABS II said, "We were able to attract several of the world's most renowned financial institutions for our second ABS financing. This financing enables us to continue to pursue our ambitious growth plans and to offer our customers even more attractive offers in the future. At the same time, the program is a strong sign of trust in FINN and the result of increasing professionalization and stringent work in the area of ​​risk management,".

Mark Collier, EMEA Head of Securitisation at Jefferies said, “Jefferies is delighted to support FINN in its next phase of growth as an innovative provider of individual mobility with its customer-centric subscription model – as part of our commitment to asset-based platforms in Europe across our fixed income and banking businesses,”.

With a so-called asset-backed security, or ABS for short, the debt capital is secured by the car fleet. FINN will use the “ABS II” to purchase new vehicles in order to continue to grow in the German home market. In addition, the financing will also form the basis for building up the fleet for European expansion.

The FINN fleet currently includes over 25,000 vehicles. The company serves both private and business customers. In total, FINN has already raised 250 million euros in equity and has already concluded more than a billion debt and leasing agreements in the past.

About FINN

FINN is the independent platform for car subscriptions from over 30 brands. Subscribe to a car with just a few clicks and it will be delivered directly to your door in just a few days: it offers an all-round, worry-free service and takes care of insurance, financing, registration, taxes and maintenance.

It also supports certified climate protection projects and thus compensates for the CO2 footprint of every vehicle of all drive types - from production to every kilometer driven.