finmid launches borderless financing for SMEs

By Vriti Gothi

finmid, the embedded finance provider, has expanded its embedded lending infrastructure across 30 European markets, marking the first time businesses across the continent can access a truly borderless financing layer through a single, unified platform.

This milestone opens up new growth opportunities for more than 32 million small and medium-sized enterprises (SMEs) across the EU, the UK, Iceland and Switzerland, enabling them to secure capital directly through the digital platforms they already use. The roll-out extends finmid’s coverage to Bulgaria, Croatia, Estonia, France, Hungary, Ireland, Malta, Romania, Iceland and Switzerland, offering platforms the same seamless ability to provide financing irrespective of geography.

By integrating directly with leading platforms such as Wolt, Glovo (Delivery Hero) and Bolt, finmid has already facilitated more than €4bn in financing to SMEs. These partnerships are demonstrating tangible economic impact, with merchants reporting a 45% uplift in Gross Merchandise Value (GMV) and a 70% reduction in churn through easier access to growth capital.

Access to finance has long been hindered by a patchwork of regulations and legacy infrastructure, limiting SME growth and leaving Europe with a €400bn financing gap. finmid’s infrastructure provides, for the first time, a harmonised financial layer across borders a vision that has eluded regulators and policymakers for decades.

“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. “Embedded lending has always had the potential to change that, but the reality was fragmented and slow. With this rollout, any platform can, for the first time, offer capital to its customers everywhere in Europe. This changes the game. With this barrier removed, the next decade of growth for European SMEs is made possible on a region-wide scale.”

With the decline of local bank branches and outdated credit scoring methods, SMEs, often small, family-run enterprises, remain underserved by traditional lenders. finmid’s solution integrates directly into the platforms that SMEs already rely on, giving them capital on terms that match their cashflow and business cycles.