Levenue, a Breda, The Netherlands-based income based mostly financing firm, acquired MidFunder, a Zurich, Switzerland-based FinTech that gives financing for corporations with recurring income.
The quantity of the deal was not disclosed.
The acquisition marks a strategic transfer to boost its Swiss operations.
Based in 2020 by entrepreneurs Patrick Frei and Pascal Schumperli, MidFunder is a revenue-based financing platform which provides honest and non-dilutive capital to digital companies. The platform assesses corporations inside 48 hours, and funds are usually obtained inside three days of being listed on {the marketplace}. The underwriting course of, together with accounting knowledge and income development evaluation, ensures unbiased monetary analysis.
Led by Benjamin Rieder, CEO & Co-Founder, Levenue is a revenue-based financing market, which permits subscription-based corporations to make use of forecasted money circulate of their current subscriptions as collateral for non-dilutive financing to traders on the platform. The platform, which operates in 16 international locations throughout Europe, has enabled traders to offer over 300M EUR in complete financing since launch in 2021.
FinSMEs
13/03/2024
