Finmid

Finmid

Lending infrastructure for tech companies

About Finmid

Simplify's Rating
Why Finmid is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$36.4M

Headquarters

Berlin, Germany

Founded

2021

Overview

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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Funded Recently
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Simplify's Take

What believers are saying

  • Embedded finance popularity aligns with Finmid's lending infrastructure model, boosting demand.
  • Expansion into 20 European countries increases Finmid's market reach and client base.
  • Partnerships with platforms like Wolt enhance Finmid's service offerings and market presence.

What critics are saying

  • Increased competition from new entrants like Wolt Capital may challenge Finmid's market share.
  • Rapid European expansion could strain operational capabilities and affect service quality.
  • Reliance on partners like Wolt poses risks if they develop in-house solutions.

What makes Finmid unique

  • Finmid offers turnkey lending solutions with seamless API integration for tech companies.
  • The company focuses on embedded finance, enabling clients to offer financial services easily.
  • Finmid's infrastructure supports diverse use cases, catering to various business sizes and types.

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Funding

Total Funding

$36.4M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$25.3M
Finmid
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↑ 4%

2 year growth

↓ -7%
Trending Topics
Jan 22nd, 2025
Finmid: Fintech Von Ex-N26-Angestellten Launcht In Ă–sterreich

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

Securities.io
Jun 20th, 2024
Introducing Wolt Capital: Accessible And Affordable Financing For Merchants

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

PYMNTS
Apr 19th, 2024
This Week In B2B: Lending Innovations, Ai And Digital Payments

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

PYMNTS
Apr 16th, 2024
Finmid Raises $37 Million to Enable Embedded Financing in Europe

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.

Finsmes
Apr 16th, 2024
finmid Raises €35M in Funding

finmid raises €35M in funding.

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