Berlin-based fintech Finiata raises €7M for European expansion

Credit provider Finiata has raised €7 million from existing investors including Polish investment company Kulczyk Investments, London-based VC firm DN Capital among others. The European Investment Fund also participated in the round through the Corona Matching Facility, reports Tech.eu.

Finiata, led by CEO Jan Enno Einfeld, CPO Ingmar Stupp, CFO Christoph Nicola, provides financing to small companies with up to €10 million in annual sales and up to 50 employees, freelancers and self-employed people through a line of financing and factoring. Fintech offers two products:

• Finiata Analityka supports small business owners in monitoring and predicting their cash flow and offers insights to master their liquidity;
• Finiata FlexKapitał allows freelancers and SME’s to receive a flexible credit line of 3% to 8% for a fixed low monthly fee to grow their company.

Finiata currently operates in Germany and Poland. According to the data from its website, over 38,000 business owners already use its services. The raised capital will help the startup to grow internationally.