Ukrainian syndicate Toloka.vc invests €1 million in online car subscription platform FINN, simplifying the process of owning a car.
FINN auto subscription
Comprehensive approach
The FINN service offers comprehensive services for car ownership. It ensures the selection and delivery of the vehicle, insurance, maintenance, payment of taxes and other costs. The platform cooperates with more than 30 car manufacturers and well-known world-class insurance companies.
Rapid growth
Over the past three years, FINN has demonstrated a 100-fold growth, corresponding to Toloka.vc investment strategy. The startup has also implemented a new loyalty program and chatbot based on LLM, enhancing self-service capabilities for customers.
Syndicate's latest deal
The investment in FINN.com is already the fifth deal of the Ukrainian venture syndicate Toloka.vc since May 2023. The founders of Toloka.vc are Oleksandr Kolb (Promodo), Ihor Shoifot (TMT Investments) and Taras Kyrychenko ("Nova Poshta"). Currently, the syndicate has more than 700 investors.
About FINN
FINN was founded in 2019 in Munich (Germany).
Glossary
- Toloka.vc is a Ukrainian venture syndicate founded in May 2023.
- FINN is an online auto subscription service founded in Munich in 2019.
- LLM (Large Language Model) - large language models used to create chatbots.
- Promodo, TMT Investments, "Nova Poshta" - companies, founders of Toloka.vc.
Links
- FINN.com
Answers to the question
What is FINN and what services does it offer?
What growth has the startup FINN demonstrated over the past three years?
What was the last investment deal concluded by the Toloka.vc syndicate?
When and where was FINN founded?
What is Toloka.vc and LLM?
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Discussion of the topic – Ukrainian venture syndicate Toloka.vc invests €1 million in FINN auto-subscription platform
The Ukrainian venture syndicate Toloka.vc has invested €1 million in the German company FINN, an online car subscription service that simplifies the traditional process of owning a car. FINN offers a comprehensive approach to car selection, delivery, insurance, maintenance and tax payments.
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Роман
FINN is a very interesting service that helps simplify car ownership. This can be convenient for many people, especially those who don't have the time or inclination to go into all the details. 💻🚗
Софія
Indeed, auto-subscription is a new trend that is becoming more and more popular. I have heard of similar services in other countries, and they help save time and money. It is interesting how FINN implements this concept in Germany. 🇩🇪
Юрій
I was very impressed by the figure of 100-fold growth of FINN in the last three years. This testifies to the huge potential of this market and the company's successful strategy. It is wonderful that the Ukrainian venture syndicate Toloka.vc made such a solid contribution to their development. 📈💰
Ганна
I love that FINN works with 30+ car manufacturers and insurance companies. This provides a wide selection of cars and reliable insurance. I would like to know more about their loyalty program and chatbot based on LLM. 🤖💬
Степан
Okay, I'm an old generation and a bit skeptical of these newfangled things. Why pay for a car subscription, if you can just buy a car and take care of it yourself? It sounds like a ridiculous luxury. 👴🙄
Марія
I do not agree with Stepan. The modern world is very dynamic, and such services as FINN are a convenient way to save time and nerves. For many people, especially those who travel a lot or lead an active lifestyle, auto-subscription can be the ideal solution. 🌍✈️
Олександр
I agree with Maria. I myself like to travel and it would be very convenient for me if someone else could take care of my car when I am away. FINN seems like an excellent choice for such cases. 🗺️🚘
Катерина
I was impressed that the Ukrainian venture syndicate Toloka.vc has already made its fifth investment in the last few months. This shows their activity and confidence in promising startups. I wonder what other companies they have in their sights. 🇺🇦💰
Максим
I like the idea of auto-subscription too, but I'm interested in how FINN handles the maintenance issue. Do they have their own network of services, or do they cooperate with existing ones? And how do they ensure the quality of services? 🔧⚙️