Founded in 2021 by former N26 employees, Berlin-based finmid raised capital from investors including Blossom Capital, Earlybird VC, and Max Tayenthal, the founder of N26.

Finmid contends that small and medium-sized businesses are being left behind by the impersonal and remote nature of banking. With its assistance, it thinks that B2B software platforms will close the gap.

These B2B platforms may provide customized financing help to their SME clients with just a few lines of code, utilizing real-time data to make lending decisions that can be made in a matter of hours.

Wolt, a software startup well-known for its local commerce network, which has introduced a cash advance tool for its merchants, is one of the companies that Finmid just signed up.

"With finmid, we're able to provide easy and flexible access to additional financing - helping our partner develop their businesses, or have a safety net during tough times," explains Vincent Huang, CPO of Wolt.

Finmid plans to use the most recent funds to localize operations, enter new key markets, and enable additional financing choices that will facilitate platform integration and improve user experience.

"At finmid, our mission is to help every business access the capital it needs," explains Max Schertel, co-founder of the company. But you might be surprised by our strategy. How can the connections that kept banking functional for so long be restored?

"Any B2B software platform can offer financing to its customers with just a few lines of code thanks to finmid, building on existing relationships with restaurants, retailers, and traders to fuel business growth."