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FINN
Car subscription service
- 201-500 employees
- B2C
- B2B
- Cars
- Transport
- Electric Vehicles
- eCommerce
- Rose Hill, New York, NY
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Company mission
To build the most popular car subscription platform.
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back within 2 weeks
208% employee growth in 12 months
Our take
Digitally led car subscription services have huge potential to disrupt the traditional car sales model. They work on a simple premise: many consumers want to have their own car, but don't want to commit to the costs associated with car ownership. FINN's early success is good evidence of this consumer demand, within its first year of operation, the company sold 1000 car subscriptions and closed a Series A funding round.
Despite these early successes, FINN faces stiff competition. On the one hand, a number of car manufacturers have launched similar subscription services powered by various providers, such as Drover, LeasePlan and Wagonex. On the other hand, some manufacturers already offer such services direct to consumer, with examples including "Audi On Demand" and "Care" by Volvo. Establishing itself in a market which is becoming more crowded will thus be a key challenge for FINN.
Two key features help FINN set itself apart from competitors. Firstly, FINN's model appeals to environmentally-minded consumers, with the company offsetting the CO2 emissions of its vehicles. Secondly, FINN's automation of fleet management and customer interactions make its business much cheaper and easier to run, allowing the company to focus on growth.
Having trialled its service in Germany and attracted a large tranche of additional funding, it has expanded to the northeastern United States with the aim of moving into other states soon. It is currently targeting the small and medium business sector there and is working towards adding additional EVs to its fleet, a requirement for remaining competitive in this sector as environmental regulations mount.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Annual personal development budget - We constantly motivate and fund you to learn, grow and advance your potential
- Plan for your future - FINN offers a 401K plan to help you plan for your future
- Responsibility from day one - Take on your own projects from start to finish
- Flexible and affordable healthcare - Our benefits include a multitude of healthcare options for employees, including plans where 100% of the base package is covered by FINN
- Choose your gear - Team Windows or team Apple? Choose the tech device you love!Windows or team Apple? Choose the tech device you love!
- Awesome team events - Whether through a ski trip or Friday beers, having fun together is an important part of our DNA
Company values
- Customer First - Always focus on our customers’ needs. Reduce complexity, increase quality
- Own It - Be entrepreneurial in everything you do. Take responsibility for your individual and finn's overall goals
- Be Honest and Open-Minded - Always speak out the truth, even if it hurts. Dare to be authentic and embrace others' authenticity
- Embrace the Struggle - Apply attention to detail and don't shy away from tough decisions. Never stop getting your hands dirty
- We Grow and Succeed Together - We help each other to succeed as a team and grow as individuals. We love to fight and to win together
Funding (last 2 of 5 rounds)
Apr 2024
$1.1m
LATE VC
Jan 2024
$105.3m
SERIES C
Total funding: $244.8m
Leadership
Maxmillian Wühr
(CEO)He has held numerous roles in fields ranging from venture scouting to business development. He has also worked as a Visiting Scholar at the University of California, Berkeley.
Nikolai Schröder
(Global COO )He has extensive experience in consulting, having held roles at companies such as Accenture and BCG.
Articles
Jobs (3)
Software Engineering
People, HR, Recruitment
