Finiata provides a fully automated factoring platform that purchases outstanding invoices—starting from as little as €1—with no minimum sales volume or prior bank history required. By leveraging proprietary credit-scoring technology developed by former Kreditech team members, the company claims a 70 % approval rate and can deliver liquidity to customers that traditional banks often overlook. Users pay nothing on their first invoice and are subsequently charged a 2.3–3.3 % monthly fee on the factored amount, positioning the service as both fast and competitively priced. The startup explicitly targets the "WeWork generation" of freelancers and SMEs operating out of co-working spaces, but it also sees appeal among more established small businesses seeking flexible working capital. Management believes that lower variable costs and scalable digital acquisition will allow it to reach a large segment of Germany’s €200 billion annual factoring market, which has been growing at roughly 10 % per year. The founding team includes multiple ex-Kreditech executives, adding depth in fintech risk management and underwriting. Finiata has secured €3.5 million in funding, combining equity and debt, to fuel product development and market expansion.

Total raised

$34M

Funding rounds

5

Latest round

Equity

Latest activity

Nov 2020