N26 founder-backed Finmid raises €17M Series A extension, strikes Bolt deal
A Berlin-based fintech backed by one of the founders of German challenger bank N26 has raised a €17m Series A extension round and says it has sealed a deal with Estonian ride-hailing firm Bolt, which ...
Finmid, a Berlin-based fintech startup founded by former N26 executives, has raised €17m in a Series A extension round and secured a deal with Estonian ride-hailing firm Bolt. The round was led by Athens-based VC Big Pi Ventures and London VC Mainset, with Earlybird also participating. Finmid, which has raised a total of €52m, provides white-label lending services for its clients.
The company has also partnered with Bolt to offer multi-year vehicle financing and a merchant lending deal with Skroutz, the Greek online marketplace. The capital raised will be used to expand Finmid's asset-finance products, fund infrastructure and underwriting, and support expansion into new categories including mobility and e-commerce.
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