
FAAREN Group
FAAREN enables automotive stakeholders to become car subscription providers by offering a white label software solution and an own car subscription place marketplace. Within hours clients are able to enter a new business field while maintaining their customer relationships. The world of mobility is moving - and changing: car subscription is one of the answers. As an option to owning and leasing the car subscriptions is expected to be one of the main drivers in the automotive industry. FAAREN digitally handles all subscription-related processes for its partners offering the technical infrastructure, the integration of a white label, customer acquisition, credit checks, payment management and other services. Customers have the option of subscribing to a car online at a monthly all-inclusive fixed price including all relevant costs to flexible terms of 1 - 36 months and different mileage packages. https://faaren.com/impressum https://faaren.com/datenschutz
Overview
FAAREN is the leading asset light marketplace in the car subscription space in Germany for car dealerships, rental companies, OEMs, car subscription providers, banks and insurers. A team of 40 people is building the company since 2018. The company raised € >10m from a VC, Angels and Family Offices. FAAREN is also running B2B SaaS and White Label products in the B2C and B2B fleet space.
Tech Stack
Funding History
Pre Seed Round
$350K
Nov 2018
Enowa
Seed Round
$1.0M
May 2020
Seed Round
$4.9M
May 2021
Helvetia Venture Fund, SEK Ventures
Seed Round
Undisclosed
Sep 2021
Kroschke Group
Convertible Note
$3.0M
Jul 2022
Series A
$3.5M
Feb 2024
Gert Schaub