Finiata raises €20M to finance SMEs in Poland

Finiata, a fintech startup with offices in Germany and Poland, has raised €20 million from British asset manager Fasanara Capital. The company wants to finance Polish micro, small, and medium-sized companies looking for capital for their current operations, My Company Polska reports.

• Founded in 2016 in Berlin, Finiata is a fintech company specializing in data-driven B2B lending and risk assessment solutions. The company’s expertise lies in embedded lending — a streamlined approach to integrating finance into the operations of non-financial companies and SMEs.
• Finiata has offices both in Germany and Poland, where it now focuses its operations, addressing business clients with a ready-made solution under the grey-and-white-label models. Anna Kozłowska, former country manager in Poland, is the president of the company.

“We are impressed with Finiata’s technology-based approach to credit risk assessment, scoring, and lending to SMEs. As an asset manager focused on supporting the global SME ecosystem, we are delighted to begin a long-term partnership with Finiata to provide Polish borrowers with the working capital they need as soon as possible,”

Matt Kus, Head of Origination for Developed Markets at Fasanara Capital, says.

• To implement the Finiata service, companies do not need to have experience in the financial industry. The solution is integrated into their website using an API. After the client enters the data, they are transferred to the scoring system, which collects information from other sources, analyzes it, forecasts creditworthiness, and forwards the final decision to manufacturers or wholesalers.
• In practice, Finiata’s clients can avoid applying for bank loans to buy, for example, some equipment. Ultimately, they can get finances directly through the online trading platform using the Finiata service.