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.