Levenue, a Breda, The Netherlands-based revenue based financing company, acquired MidFunder, a Zurich, Switzerland-based FinTech that provides financing for companies with recurring revenue.
The amount of the deal was not disclosed.
The acquisition marks a strategic move to enhance its Swiss operations.
Founded in 2020 by entrepreneurs Patrick Frei and Pascal Schumperli, MidFunder is a revenue-based financing platform which offers fair and non-dilutive capital to digital businesses. The platform assesses companies within 48 hours, and funds are typically received within three days of being listed on the marketplace. The underwriting process, including accounting data and revenue growth analysis, ensures unbiased financial evaluation.
Led by Benjamin Rieder, CEO & Co-Founder, Levenue is a revenue-based financing marketplace, which allows subscription-based companies to use forecasted cash flow of their existing subscriptions as collateral for non-dilutive financing to investors on the platform. The platform, which operates in 16 countries across Europe, has enabled investors to provide over 300M EUR in total financing since launch in 2021.
FinSMEs
13/03/2024