Wealthon secures over $700k for the new product launching

Polish fintech company Wealthon has received more than $700,000 from Łukasz Olek, founder of the first internet kantor.pl e-exchange office, Francois Colombie, CEO of Auchan Poland and the Innovatika Fund as part of a private issue of shares, writes MamStartup.

Wealthon is aimed to help Polish entrepreneurs solve their current financial problems. The most recognizable product of the company is a bridging loan to repay debts in the Social Insurance Institution and the Tax Office to obtain a bank loan. Wealthon has already provided bridging loans of a total value of over $2.5  million.

The company is currently focusing on launching a new product – loans for business clients who could not take a bank loan. To obtain the capital, customers only need to fill an online form and wait for max. 30 minutes until the system automatically downloads all necessary data and verify their transaction history from the last 12 months, explains Aleksander Majchrzak, CEO of Wealthon.

The proceeds will be invested in the development of this additional service that has already existed in the Wealthon portfolio since January 2020. Besides, Wealthon is planning to debut on the NewConnect market in the first quarter of 2021.