Moneyflow secures €250m debt financing
Danish fintech Moneyflow has raised €250m in a debt financing deal with banking service provider Aion Bank.
According Silicon channels, Moneyflow and Aion Bank also intend to expand their cooperation to other markets. Aion and Vodeno – its technology partner – will provide a number of banking services to Moneyflow.
Moneyflow provides SMBs with invoice financing and revenue financing within their current workflow platform, allowing brands to expand the offering. The company claims to have developed the most advanced underwriting engine on the market with advanced risk and payout predictions.
The company said it would use the funds to accelerate the rollout of its integrated financial services to partner platforms in the Nordics and wider Europe.
Moneyflow CEO and Founder Kim Ulf Rehfeld Thodén said, “We believe in a future where it will be easy to get paid. From the start, early or as agreed, we put the control in the hands of the receiver, not the payer. Aion Bank’s balance sheet support is the largest single raise amount available to a fintech of our nature in Scandinavia. We are now ready to step on the accelerator to seize the significant and growing market opportunity. »
Aion Bank CEO Wojciech Sass added, “We believe that the best banking products and services should be available to everyone, and Moneyflow does just that for SMEs. The goal of our BaaS business is to enable brands, retailers and fintechs like Moneyflow to integrate financial services that help drive innovation. We’re excited to help the Moneyflow team accelerate their growth, which will help more businesses get paid faster.
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