Key Takeaways
- • Berlin-based embedded lender Finmid raised €17 million in a Series A extension led by Big Pi Ventures, with participation from Main Set and Earlybird Venture Capital, bringing its total funding to roughly €52 million.
- • Finmid is expanding into vehicle financing through a partnership with Bolt, offering fleet operators multi-year vehicle financing deals of up to €400,000 over four years.
- • Finmid says its platform has financed over €4 billion for businesses across 30 European markets, with cash advances of up to €1 million and term loans of up to €5 million.
- • French accounts receivable start-up Cleavr raised €8 million in seed funding seven months after launch, and plans international expansion.
- • Cleavr's AI handles payment-contact identification, automated late-payment follow-up by email and SMS, payment promise tracking, and dispute escalation.
Summary
German fintech Finmid has secured €17 million in a Series A extension as it moves to expand its product into new sectors, according to FinTech Futures' weekly funding round-up. Big Pi Ventures led the extension, with participation from Main Set and Earlybird Venture Capital. Finmid was founded in 2021 by Max Schertel and Alexander Talkanitsa and emerged from stealth in 2024 with €35 million as an embedded lender for SMEs. Its platform offers cash advances of up to €1 million and term and business loans of up to €5 million, and the firm says it has financed over €4 billion for businesses across 30 European markets. A separate report describes the new round as taking Finmid's total funding to €52 million.
The new capital will fund expansion into vehicle financing. Finmid has partnered with Bolt to provide fleet operators with multi-year vehicle financing of up to €400,000 over four years. The company has also partnered with Skroutz to expand financing for merchants on that marketplace.
In the same round-up, French start-up Cleavr raised €8 million in seed funding seven months after launch. Co-founded by CEO Baptiste Nassoy, COO Antoine Grenard and CTO Arthur Guerin, Cleavr applies AI within accounts receivable management. The software identifies the right payment contacts, follows up on late invoices by email and SMS, tracks payment promises and escalates disputes where necessary. The company is positioning itself for international expansion following the raise.
The new capital will fund expansion into vehicle financing. Finmid has partnered with Bolt to provide fleet operators with multi-year vehicle financing of up to €400,000 over four years. The company has also partnered with Skroutz to expand financing for merchants on that marketplace.
In the same round-up, French start-up Cleavr raised €8 million in seed funding seven months after launch. Co-founded by CEO Baptiste Nassoy, COO Antoine Grenard and CTO Arthur Guerin, Cleavr applies AI within accounts receivable management. The software identifies the right payment contacts, follows up on late invoices by email and SMS, tracks payment promises and escalates disputes where necessary. The company is positioning itself for international expansion following the raise.
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