finmid provides fintech infrastructure that lets B2B platforms offer small and medium-size customers access to tailored financing and payment solutions with a few lines of code. Its two core products are Capital, which gives SMBs immediate access to future revenues based on sales history (implemented with partners like Wolt), and B2B Payments, used by marketplaces such as Frupro, Safi, Metycle, Romco, VonWood and Vanilla Steel to finance trading and working capital. Businesses can access funds within 24 hours and underwriting decisions are based on real-time data and sector expertise. The company was founded in 2021 by former N26 employees Max Schertel and Alexander Talkanitsa and is headquartered in Berlin. finmid says the new funding will be used to continue expanding and onboarding customers across core European markets and to offer platform partners more financing options and a smoother user experience. The article notes the company raised €35m in early-stage equity funding from institutional and angel backers. finmid builds financial-services infrastructure that lets software platforms offer bespoke financing solutions to their small and medium-sized business customers. The company was founded in 2021 by former N26 employees Max Schertel and Alexander Talkanitsa, and the team has about 30 employees. Integration of finmid’s infrastructure is free for platform partners; finmid earns a percentage of the transaction when SME customers take up financing enabled via the platform. Investors including Earlybird Ventures, Blossom Capital and angel backers have invested over 12 million in the company. finmid highlights the technical complexity of delivering highly individualized financing across sectors and notes the cultural challenges of founding largely remotely during COVID. In the near term it is focused on expansion into additional European markets and recently entered Italy with a new customer.

Total raised

$49M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2024