finmid Raises €17 Mn to Expand Embedded Lending Across Europe

The new funding comes from Big Pi Ventures and Mainset, with existing investor Earlybird also participating. The latest investment brings finmid’s total funding to €52 million.

The funding comes as finmid launches two major financing programmes. The first is a multi-year vehicle financing programme with Bolt, while the second is a merchant lending programme with Skroutz.

finmid plans to use the new capital to grow its asset-financing products, funding infrastructure, and underwriting technology. The company also aims to expand into more platform categories, including mobility and e-commerce.

Alexander Talkanitsa, co-founder, finmid said: "Two years ago, embedded lending meant a cash advance for a restaurant. Today the same rails carry a multi-year vehicle loan, a marketplace's own balance sheet, and the potential for more. Every platform with business customers now has a way to become their financing partner without becoming a bank."

Max Schertel, co-founder, finmid said: "Small businesses have never lacked ambition – they've lacked a lender who could see them. Platforms, with their live and embedded view of the businesses they power, are uniquely placed to fill that gap, and finmid exists to make it happen. With Bolt we're financing the cars that fleets run on; with Skroutz the marketplace itself is putting its capital behind its merchants. Our job is to make that credit safe, fast and regulated – whoever provides the money and whatever businesses need it for."

Joshua Okeleke, Europe BD Lead, Bolt said: "Fleet operators are essential to making ride-hailing work, but access to vehicles and financing can be a real barrier to growing their businesses. With Bolt Vehicle Solutions, we’re helping remove that barrier by combining preferential vehicle deals with a simpler path to financing and, ultimately, ownership. That gives our fleet partners a stronger foundation to invest in their businesses, put more vehicles on the road and grow alongside rising passenger demand.”

Nick Kalliagkopoulos, Partner, Big Pi Ventures said: “Embedded lending is now essential infrastructure for marketplaces, and finmid is built to deliver it. Their capital light structure lets them grow quickly, and their licensing and geographic foothold make them a partner marketplaces can plug in once and scale everywhere. Their traction in southeast Europe, a region many overlook despite its size, is proof of how much whitespace is still out there.”

finmid is an embedded lending company that helps leading European platforms, including Wolt, Delivery Hero, Bolt, efood, and myPOS, offer financing to their business customers.

Through one simple integration, platforms can provide different types of financing, from working-capital loans to multi-year asset financing. finmid uses data from these platforms to assess businesses and determine suitable financing options. The loans are provided through finmid’s regulated lending business, with funding coming from the platform itself, its banking partner, or finmid’s refinancing partners.

Read Also- Graduate Ventures Launches €125 Mn Second Seed Fund to Back Dutch Startups