- With unmatched geographical reach, finmid enables platforms to close financing gaps for SMEs across underserved European markets.
- finmid enables B2B platforms to offer financing solutions to small and medium-sized businesses. Its modular financing infrastructure is fully adaptable to platforms, allowing them to build any financing product for any business customer.
- B2B platforms partnering with finmid report improved performance, including an increase in Gross Merchandise Volume (GMV) of up to 39%, and a 70% reduction in merchant churn.
Berlin, Germany – January 22nd, 2025, 10 AM CET – finmid, the financial infrastructure innovator enabling B2B platforms to quickly provide fast, personalised financing to small and medium-sized businesses (SMEs), today announced its expansion into eight new European markets. This step marks an important milestone in the company’s mission to offer comprehensive, compliant, and efficient financing solutions that scale across borders. Rolling out in Austria, Cyprus, Czechia, Greece, Italy, Latvia, Lithuania, and Slovenia, finmid’s presence extends to 20 European countries — granting B2B platforms such as Wolt and Glovo the most extensive geographical coverage for merchant financing in the region. Prior to its latest expansion, finmid’s offering has been available in Belgium, Denmark, Finland, Germany, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, Spain, Sweden, UK.
Overcoming a €400bn Funding Gap: Empowering Platforms to Deliver Tailored Financing for SMEs
SMEs across Europe face a €400bn funding gap. Despite being vital to the continent’s success – generating almost 60% of total gross value added and employing more than 90 million people – smaller businesses continue to be underserved by banks and other providers. Founded in 2021 by Max Schertel and Alexander Talkanitsa, finmid challenges the one-size-fits-all approach of banks and offers a modular, fully customizable financing infrastructure solution to help B2B platforms address a critical need: providing SMEs with fast and flexible access to capital. finmid’s strategic expansion will particularly serve SMEs in Central, Southern, and Eastern Europe, where financing options have traditionally been limited or fragmented.
“Small and medium-sized enterprises (SMEs) drive the global economy, yet accessing capital remains slow and outdated. SMEs have increasingly shifted to running their business on digital software platforms—from e-commerce to marketplaces and POS systems. At finmid, we empower these platforms to transform SME finance by embedding fast, personalized, and convenient financing directly into their platform. By connecting platforms, SMEs, and capital providers, we are creating the first platform-powered financing network designed for small businesses,” says Max Schertel, Co-Founder of finmid.
Driving new revenue streams for B2B Platforms and SME Satisfaction
finmid equips B2B platforms to offer seamless, branded financing options to their business customers, allowing qualified SMEs to receive funding of up to 3 million EUR. The offering provides SMEs with pre-approved, revenue-based credit lines calculated from their sales history, with flexible repayments linked to daily sales. This liquidity solution fosters platform loyalty, boosts customer retention, and opens a new revenue stream for B2B providers, all without operational risks. As of today, finmid has extended capital to tens of thousands of merchants through pre-approved funding based on their sales. As a result, today’s leading platforms have experienced a 39% increase in GMV, 70% reduction in churn, while maintaining a Net Promoter Score of over 80.
Navigating Complex Regulatory Landscapes
Expanding merchant financing into diverse European markets requires navigating complex regulatory landscapes for B2B platforms. finmid’s deep expertise in regional compliance allows platforms to focus on their core business while relying on finmid for seamless financing solutions for their SME customers across multiple territories.
“Global reach is a key aspect for today’s leading platforms aiming to stay competitive. While many financing providers focus on Western Europe, coverage in the rest of Europe has remained fragmented, making platforms lose out on opportunities or scramble with multiple providers. We quickly identified this gap and set out to bridge it with the ambition of becoming the go-to merchant finance partner for all European financing needs,” says Alexander Talkanitsa, Co-Founder of finmid. “We have already established ourselves as the market leader in the Nordic region, and this expansion further strengthens our position in the Southern, Central and Eastern European markets,” Alexander Talkanitsa continues.
Anniina Heinonen, Managing Director, Payments at Wolt, highlights the impact of finmid’s expansion: “finmid has enabled us to connect better with thousands of merchants across Europe. The team demonstrated a keen understanding of our requirements, expanding into the regions where we identified the greatest demand. Their expansion into additional markets will further enhance our relationships with merchants there and elevate our performance.”
Szymon Zeslawski, Senior Director, Fintech at Glovo underscores the value of finmid’s partnership in advancing Glovo’s mission: “Giving our vendors easier access to capital has been at the heart of the Glovo Fintech mission, complementing a growing suite of cash flow products Glovo offers. The partnership with finmid allows us to extend the reach of our capital offering, and we’ve been happy with the flexibility and user-centricity of the finmid team. We’re looking forward to the continued international expansion of capital to best serve the financial needs in our markets.”
About finmid
finmid is creating the first platform-powered financing network. We are transforming small business lending by empowering software platforms to become personalised and convenient points of finance for SMEs. In this new model, platforms—not banks—are at the centre of lending, seamlessly connecting capital providers with small businesses through their trusted tools. Founded in 2021, finmid is the emerging leader in European financial services infrastructure, backed by leading tech investors: Until today, the company has raised 35 million EUR in funding from Blossom Capital, Earlybird VC, and N26-founder Max Tayenthal. finmid is headquartered in Berlin, Germany. To learn more about finmid, visit finmid.com.
