Fintech startup Finmid received an investment of $24.7 million

financial technology company Finmid, $24.7 million received investment. It was not stated which investors participated in the Series A investment round of the Germany-based company. However, among the company’s investors, N26 Max Tayenthal, Blossom Capital ve EarlybirdIt is known that . Finmid announced that it plans to use the new investment it received to expand into other European countries.

in 2021 Max Schertel and Alex Talkanista Founded by , the startup offers embedded finance solutions. The company focuses specifically on businesses that want to provide their own payment and financing options to marketplaces.

As it is known, marketplaces generally stand out as two-sided businesses that connect retailers or other third-party providers with their customers. Finmid’s services add payment and financing functionality to these marketplaces, giving partners easier access to the capital their customers and even their customers’ customers need.

Food delivery platform Wolt is among the businesses using Finmid’s technology. Finmid offers this company cash advances within its app to its restaurant partners. Additionally, the API and other services offered by Finmid allow partners to finance their trade and manage payments between users.

As a result, the company integrates into marketplaces, providing financial flexibility to business partners and end users, facilitating businesses’ access to capital and supporting economic growth.