HomeGermanyFiniata Closes €18M Financing Round

Finiata Closes €18M Financing Round

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Finiata, a SME lending platform provider, secured €18m in funding.

Out of the total amount, €10m were invested by existing backers Redalpine, DN Capital, Point Nine and Fly Ventures and new shareholders ENERN and Kulczyk Investments. An additional €8 million has been raised in the form of debt financing.

The company will use the funds to continue to expand operations beyond Poland and Germany.

Founded by Sebastian Diemer, co-founder of Kreditech, Finiata provides a data-driven technology financing platform that focuses on for SMEs, freelancers, and the self-employed, customers who are hardly served by traditional providers.
The company claims it already has 5,000 customers.

FinSMEs

18/12/2017