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.