Cashpresso, a Vienna, Austria-based fintech startup, completed a €3.5m financing.
The round was led by Hevella Capital, with participation from existing investors Speedinvest and Hansi Hansmann.
The company will use the funds to continue to expand operations, continue to develop the platform, and grow its business reach.
Founded in 2015 by Daniel Strieder, cashpresso provides online credit facilities in the e-commerce sector to over 10,000 customers in Germany and Austria.
In details, the company offers special financing at partner stores featuring 2 instalments with 0% interest.
People can choose the amount of their monthly instalment, which can be changed at any time free of charge.