Berlin-based embedded finance startup finmid has expanded its lending infrastructure to 30 European markets, becoming the first provider to offer a single integration for embedded lending across the region.
The rollout gives more than 32 million SMEs across the EU, UK, Iceland, and Switzerland access to capital directly through the platforms they already use. New markets include Bulgaria, Croatia, Estonia, France, Hungary, Ireland, Malta, Romania, Iceland, and Switzerland.
“Europe’s dream of a single market has been held back by a financial system that stops at borders” said Alexander Talkanitsa, co-founder of finmid. “With this rollout, any platform can, for the first time, offer capital to its customers everywhere in Europe. This changes the game.”
Since launch, finmid has facilitated more than €4 billion in capital through partners such as Wolt, Glovo (Delivery Hero), and Bolt. Data from its network shows that platforms using its services see up to a 45% increase in merchant revenue and a 70% reduction in churn.
“Embedded lending has become a lifeline for small businesses in recent years, but fewer than one in ten SMEs benefit from it” said co-founder Max Schertel. “finmid’s embedded finance is not only achieving the ambition of a borderless single financial layer but delivering for the small companies that create jobs and prosperity.”
The expansion comes as SMEs face a €400 billion financing gap across Europe due to declining local bank networks and reliance on outdated credit scoring. finmid’s system allows platforms to extend capital across borders without regulatory fragmentation slowing adoption.
“For us at Wolt, the success of our merchants is at the heart of what we do” said Anniina Heinonen, managing director of payments at Wolt. “By working with finmid, we can now meet that need and help local businesses across Europe grow without delays.”
Existing partners Wolt and Glovo plan to extend financing in newly added countries, while finmid positions itself as the backbone of embedded SME finance across the continent.
