finmid Secures €35M Funding to Enhance Embedded Finance Software for B2B Platforms

New Delhi: Berlin-based SaaS company, finmid, has successfully secured €35M in the early stages of funding to further develop its embedded finance solution tailored for B2B platforms serving SMB enterprises.

The recent investment comes from prominent investors like Earlybird VC, Blossom Capital, and N26-founder Max. finmid’s emergence from stealth mode was accompanied by the announcement of a strategic alliance with the renowned commerce platform, Wolt.

Established in the year 2021 by Alexander Talkanitsa and Max Schertel (former employees of N26). finmid is dedicated to furnishing SMBs with an array of payment and capital solutions to facilitate their growth. The company’s key offerings include ‘Capital’, a service allowing instant access to all future revenues based on sales history, and a B2B payments system designed to streamline transactions.

The infusion of funds will fuel finmid’s expansion efforts, enabling the company to onboard customers across key European markets. Additionally, the investment will bolster efforts to enhance the user interface of its products, ensuring a seamless and efficient experience for its growing customer base.

Namrata Samal

Namrata is a technical and skilled wordsmith with expertise in writing marketing, tech, and business topics. She sews strings of meaningful words together that give life to her meticulously crafted write-up.

Recent Posts

ManageEngine Launches Innovative SaaS Management Solution to Combat SaaS Sprawl Challenges

New Delhi: ManageEngine, a part of Zoho Corporation and a top provider of IT management…

2 hours ago

ManageEngine Launches SaaS Management Solution to Manage SaaS Proliferation

New Delhi: ManageEngine, a division of Zoho Corporation, has introduced SaaS Manager Plus, a robust…

7 days ago

Expansion Opportunities Abound for Small Businesses with Government Grants

New Delhi: Small businesses across India are gearing up for new expansion opportunities thanks to…

7 days ago

Second Front Systems Teams Up with Microsoft for Seamless SaaS Deployment

New Delhi: Second Front Systems today announced its collaboration with Microsoft on Game Warden, which…

2 weeks ago

Black Mountain Can Now Offer More Services to Local Governments as it Acquires Fiscalsoft

New Delhi: Black Mountain Software, which is a Polson based billing and accounting software for…

2 weeks ago

Siemens Unveils Cloud-Based Cybersecurity Software for Industrial Operators

New Delhi: Siemens has introduced SINEC Security Guard, an advanced cybersecurity software-as-a-service which is tailored…

3 weeks ago