With this arrangement, Levenue will be able to dramatically increase its reach in the European funding industry, where it already provides services to subscription-based enterprises in 16 countries.

Furthermore, Levenue was very interested in the agreement because Switzerland is a unique market in the EU.

"As we enhance our operations in Switzerland, a significant market for both sides of our marketplace, we recognized the need for a strategic move to strengthen our presence," said Benjamin Rieder, CEO and co-founder of Levenue. Switzerland is a special market that requires a customized strategy because of its laws and natural separation from the EU.

We were provided with an incredible opportunity when we acquired MidFunder, a self-regulated corporation that shared a very similar ethos, software stack, and business plan. By taking this calculated risk, we can strengthen and expedite our operations in Switzerland and show that we are dedicated to provide creative and effective financing options to companies in the area.

Furthermore, the company believes that this action will further Levenue's goal of revolutionizing the way companies are evaluated and funded in Switzerland and abroad.

"We think that bringing our skills and MidFunder's experience together will help our Swiss clients and change the way that company financing is provided in this important market. Rieder went on, "We are thrilled about the opportunities this acquisition presents and anticipate the good effects it will have on our mission to revolutionize the way businesses are analyzed and financed in Switzerland and beyond."
Patrick Frei and Pascal Schumperli established MidFunder in order to provide an alternative to traditional financial institutions, having recognized the difficulty in obtaining money from them.

Before changing course and turning into a revenue-based financing platform for digital firms, the company first concentrated on crowdfunding for SMEs. Despite difficult market conditions, MidFunder has raised over CHF 1 million with a team of very productive individuals.

"When we spoke to Levenue, as one of the leading players in the RBF space globally, operating in 16 European markets, having funded over 500+ companies with ~300m in facilitated trade, it was clear to us that we share the same mission of providing a new way of funding for businesses without dilution," MidFunder founder Patrick Frei said with enthusiasm upon hearing the news.