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.