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Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$36.4M
Headquarters
Berlin, Germany
Founded
2021
Company Does Not Provide H1B Sponsorship
Finmid specializes in lending infrastructure for tech companies, providing tools that enable them to offer credit cards, transaction-based lending, and working capital solutions. Their products work by allowing businesses to integrate Finmid's APIs into their existing services, making it easy for their clients to access capital without traditional lending barriers. Unlike competitors, Finmid offers a comprehensive, turnkey solution that requires minimal development work, allowing for quick implementation. The goal of Finmid is to transform the lending landscape by providing scalable solutions that help businesses grow and foster financial innovation across various industries.
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Total Funding
$36.4M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Das deutsche Startup finmid, das B2B-Plattformen ermöglicht, maßgeschneiderte und schnelle Finanzierungs- und Zahlungslösungen für KMU anzubieten, gibt die Expansion in acht neue europäische Märkte bekannt, darunter Österreich. finmid ist im Jahr 2021 in Berlin an den Start gegangen. Die beiden Founder, Max Schertel und Alexander Talkanitsa, waren zuvor bei der Neobank N26 tätig. N26-Mitgründer Max Tayenthal ist auch an der Jungfirma beteiligt. N26 meldet profitables Quartal erstmalig seit der Gründungfinmid nun in 20 europäischen Ländern vertreten. Die Expansion von finmid führt nun neben Österreich auch nach Zypern, Tschechien, Griechenland, Italien, Lettland, Litauen und Slowenien
Helsinki, Finland, June 20th, 2024, FinanceWireLocal commerce platform Wolt announces the launch of Wolt Capital, a new service providing fast and simple access to additional financing for merchants.Many restaurants are small businesses and require access to capital to maintain operations and invest in their future growth. Over the course of a restaurant’s lifespan, owners will often require some kind of capital investment, whether to cover unexpected expenses, renovate the kitchen, open a new storefront, or just meet normal operating costs.Edward Daka, Product Lead, Banking & Payouts at Wolt emphasizes: “We are always listening to our partners and adapting our services and offerings to meet their needs. Fast and simple access to capital has regularly come up in our talks with merchants. That’s why today, we’re excited to introduce Wolt Capital. This initiative is designed to support the success and growth of merchants, giving them the opportunity to access transparent financing.”Traditional bank financing often has stringent requirements that leave many entrepreneurs without options. Wolt Capital changes this by offering revenue-based transparent financing to merchants with a proven sales record on the Wolt platform
The B2B landscape is on the cusp of the next era in payments innovation. As PYMNTS readers already know, this new and exciting era is being driven by an ongoing digital transformation of historical processes and an electronic streamlining of traditional workflow hiccups. In order to capture the concrete opportunities that exist for B2B businesses to accelerate sustainable growth and establish marketplace differentiation, embracing innovation and doubling down on payments improvements is becoming more imperative than ever
Finmid also announced Tuesday that it has partnered with European tech company Wolt, which is known for its local commerce platform, to enable Wolt to provide financial services to its customers.
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Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$36.4M
Headquarters
Berlin, Germany
Founded
2021
Find jobs on Simplify and start your career today