finmid Raises €35 Million in Equity Funding for Expansion and Customer Onboarding
finmid Raises €35M in Funding
finmid's Equity Funding
Key Highlights:
- Equity Funding: finmid, a financial infrastructure company, raised €35 million in early-stage equity funding.
- Investors: Backed by Blossom Capital, Earlybird VC, and N26-founder Max Tayenthal.
- Expansion and Customer Onboarding: Funding will be used to expand operations, onboard customers in core European markets, and enhance the user experience.
finmid's Target Market
- Target Market: B2B platforms and small and medium-sized businesses (SMBs) in Europe.
- B2B Software Platforms: Platforms looking to offer tailored financing support to their SMB customers.
- Commerce and Trading Marketplaces: Marketplaces in sectors like property, hospitality, fruits and vegetables, recyclables, timber, and metal, seeking financing and working capital solutions for their buyers.
What finmid Needs to Buy
- Technology and Infrastructure Development: Investments in technology and infrastructure to enhance the fintech platform's capabilities and scalability.
- Partnerships with B2B Platforms: Collaborations with B2B software platforms to integrate finmid's financing solutions and expand their offerings to SMBs.
- Marketing and Customer Acquisition: Strategies and resources to attract and onboard more B2B platforms and SMB customers.