About finmid
finmid is a company based in Berlin (Germany) founded in 2020 by Alexander Talkanitsa and Max Schertel. It operates as a FinTech, and API-as-a-Product. finmid has raised $40.08 million across 3 funding rounds from investors including Max Tayenthal, Blossom Capital and Earlybird. finmid offers products and services including Cash Advances, Term Loans, and Invoice Financing. finmid operates in a competitive market with competitors including LeaseAccelerator, Open Co, Veefin, FinBox and Finley, among others.
- Headquarter Berlin, Germany
- Founders Alexander Talkanitsa, Max Schertel
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Finmid Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.08 M (USD)
in 3 rounds
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Latest Funding Round
$24.7 M (USD), Series A
Apr 16, 2024
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Investors
Blossom Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of finmid
finmid offers a comprehensive portfolio of products and services, including Cash Advances, Term Loans, and Invoice Financing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Pre-approved cash advances are offered with flexible repayments.
Pre-approved term loans are provided up to €5 million.
Flexible invoice financing is offered up to €1 million.
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Software Development Team
7 people
Senior Team
1 people
Co Team
1 people
Founders Team
1 people
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Funding Insights of finmid
finmid has successfully raised a total of $40.08M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $24.7 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $24.7M
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First Round
First Round
(07 May 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - finmid | Valuation |
investors |
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| Feb, 2022 | Amount | Seed - finmid | Valuation | Blossom Capital | |
| May, 2021 | Amount | Seed - finmid | Valuation | Earlybird |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in finmid
finmid has secured backing from 4 investors, including angel and venture fund investors. Prominent investors backing the company include Max Tayenthal, Blossom Capital and Earlybird. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made by Blossom Capital in technology sectors.
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Founded Year | Domain | Location | |
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Earlybird is recognized as a venture capital investor focused on early-stage tech companies.
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Founded Year | Domain | Location | |
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MT
Max Tayenthal |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by finmid
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - finmid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finmid Comparisons
Competitors of finmid
finmid operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LeaseAccelerator, Open Co, Veefin, FinBox and Finley, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based lease accounting and management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Loan lifecycle management software is developed for financial institutions.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
Developer of digital credit infrastructure and risk intelligence suite
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| domain | founded_year | HQ Location |
Credit cycle management software is provided for business capital oversight.
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| domain | founded_year | HQ Location |
AI-driven loan origination and management software is provided for lenders.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Finmid
Frequently Asked Questions about finmid
When was finmid founded?
finmid was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is finmid located?
finmid is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is finmid a funded company?
finmid is a funded company, having raised a total of $40.08M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.78M, raised on May 07, 2021.
What does finmid do?
Embedded lending solutions are offered by finmid to help platforms grow across 30 European markets. Financing is enabled for various customer segments including restaurants, landlords, and e-commerce sellers. Services such as cash advances, term loans, and invoice financing are provided to boost revenue, sales, and customer retention. A single infrastructure is utilized to simplify regulatory complexity and enhance user experience with quick payouts and high conversion rates. The focus is placed on platform-driven underwriting to maximize eligibility for financing.
What products or services does finmid offer?
finmid offers Cash Advances, Term Loans, and Invoice Financing.
Who are finmid's investors?
finmid has 4 investors. Key investors include Max Tayenthal, Blossom Capital, Earlybird, and Maximilian Tayenthal.