Australia fintech player Finder raises $21m

Finder, which was founded in 2006, is receiving its first external equity at a pre-money valuation of A$650 million. The company, which operates what it calls an all-in-one personal finance platform, plans to use the fresh capital to launch its mobile app in the US, UK, and Asia.

Finder’s core services span consumer comparison, cryptocurrency trading, financial news aggregation, and advice on topics such as credit cards, personal loans, home loans, and personal investments and savings. The service tracks 2.6 million unique users per month, equating to approximately one in 10 Australians. Total monthly visits amount to more than 10 million.

“This investment into Finder is a major commitment for our fund,” John Orrock, a partner at Future Now, said in a statement. “The Finder team has an impressive ability to deploy their technology stack to quickly provide consumers with innovative services and products. This ingrained nimbleness allows them to evolve their business and product suite to offer modern financial services.”

Orrock, a serial entrepreneur, founded Future Now Capital as Future Now Ventures in 2013 alongside finance and operations professional Chris Lee. The strategy is to take significant minority stakes in cloud, mobile, and enterprise technology companies, providing hands-on technical and networking support.

The firm is best known for its partnership with Microsoft, which resulted in the establishment of a A$50 million fund in 2019 geared toward the US tech giant’s various accelerator programs. It has six portfolio companies currently, including Finder. There have been at least four exits, including trade sales to Fujitsu and Accenture.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Australasia
• Financials
• Consumer
• Media
• Expansion
• Australia
• Microsoft
• Fintech
• Financial Services
• Cryptocurrency
• TMT