Berlin-based embedded lending company finmid has raised €17 million in a Series A extension as it broadens its financing infrastructure into vehicle lending and marketplace-funded merchant credit. The round was led by Big Pi Ventures, with participation from Mainset and returning investor Earlybird, bringing finmid’s total funding to €52 million. The company said the new capital will support expansion of its asset-finance products, multi-source funding infrastructure and underwriting capabilities across additional platform categories.
Expansion Beyond Working Capital
The financing marks finmid’s first announced funding round since its €23 million Series A in April 2024 and comes as the company moves beyond its original focus on working-capital products. finmid provides embedded lending infrastructure that allows digital platforms to offer financing to their business users while the startup manages underwriting, regulated lending, servicing and access to capital. Its model can accommodate funding supplied by the platform itself, banking partners or finmid’s refinancing partners, giving platforms multiple ways to structure credit products.
Bolt Vehicle Solutions
One of the first major launches tied to the expansion is Bolt Vehicle Solutions, a financing program designed for fleet operators using the European mobility platform. Through the program, operators can review available vehicles and then connect with finmid to assess financing options, with fixed monthly repayments and vehicle ownership transferring after the final payment. The partnership is intended to address a gap in commercial vehicle financing, where traditional lenders may have limited visibility into fleet performance and standard manufacturer financing may not suit high-utilization ride-hailing businesses.
Skroutz Funding
finmid has also launched Skroutz Funding with Greek e-commerce marketplace Skroutz, giving around 9,000 merchants access to loans funded directly by Skroutz Group. Under the arrangement, Skroutz supplies the capital while finmid handles underwriting, regulated lending, servicing and refinancing, making it the first finmid partnership built around a platform’s own balance sheet. The structure demonstrates how finmid is adapting its technology to support marketplaces that want to deploy their own capital without building a lending operation internally.
Growth Across Europe
Since its launch, finmid says it has extended more than €4 billion in financing offers across 30 European markets and has worked with platforms including Wolt, Delivery Hero, myPOS and efood. The company also reports that about 85% of borrowers return for additional financing and that some financed merchants have increased revenue on partner platforms by as much as 45%, although those figures are company-provided. The latest funding and product launches therefore represent an effort to apply its existing embedded lending infrastructure to larger, longer-term and more complex financing needs.
Investor and Management View
Co-founders Alexander Talkanitsa and Max Schertel said the company sees business financing increasingly shifting into digital platforms that already have direct relationships and operating data from their merchants or service providers. Big Pi Ventures partner Nick Kalliagkopoulos said finmid’s regulatory footprint, capital-light structure and ability to scale across markets were central to the investment case, particularly in southeast Europe. Bolt, meanwhile, said the vehicle financing program could help fleet operators access vehicles more easily and build ownership over time as ride-hailing demand grows.
With the €17 million extension, finmid is positioning itself as infrastructure for a broader range of embedded business-finance products rather than a provider focused mainly on short-term working capital. Its new partnerships with Bolt and Skroutz test that strategy in two different settings, combining asset finance in mobility with platform-funded merchant lending in e-commerce. The company’s next phase will depend on whether it can replicate those models across more European platforms while maintaining credit quality, regulatory compliance and scalable funding access.