Finmid provides embedded lending infrastructure that allows platforms to offer financing solutions to their entire customer base across multiple European markets through a single integration. The service utilizes platform-driven underwriting based on live performance data to maximize customer eligibility and offers various loan products like cash advances and term loans. By embedding financing, platforms can boost customer growth, increase order size, and improve retention rates.
Funding
$52.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BCFounders
Product
Problem
Many businesses, particularly those operating within software ecosystems, face challenges accessing sufficient cash flow, which can hinder growth and operational efficiency. Traditional financing options are often time-consuming and divert focus from core business activities.
Solution
Finmid offers a unified API that enables software companies to embed financial services, such as B2B payments and credit lines, directly into their platforms. This allows businesses to offer deferred payment terms to buyers while providing instant payouts to sellers, improving cash flow management. Finmid handles the complexities of capital provision, credit risk, and regulatory compliance, allowing software companies to focus on their core competencies while offering value-added financial solutions to their customers. The services are fully brandable, ensuring a seamless user experience.
Target Audience
Finmid primarily targets software companies looking to integrate financial services into their platforms to enhance customer value and unlock new revenue streams.
Features
- Single API integration for embedding financial services
- B2B payments with deferred payment terms for buyers
- Instant payouts for sellers
- Credit lines and cash advances for business customers
- Risk-free capital provision, handling credit risk and regulations
- Fully customizable and brandable solutions
- Scalable infrastructure supporting operations in the EU and beyond