- Levenue, a Dutch revenue-based financing marketplace, is aiming to expand its operations in Switzerland by acquiring MidFunder, a Zurich-based provider of non-dilutive capital for digital businesses.
- MidFunder offers revenue-based financing through its platform, utilizing data from accounting and revenue growth to facilitate its underwriting process and provide funds quickly to companies.
- The acquisition is part of Levenue’s strategy to broaden its financing marketplace across Europe, where it currently serves subscription-based companies in 16 countries.
- Since its launch in 2021, Levenue claims to have facilitated over €300 million in total financing through its platform.
- This acquisition follows Levenue’s previous purchase of fintech Cake in November, which enhanced its underwriting capabilities with Cake’s open banking and data enrichment solutions.
- Benjamin Rieder, CEO and co-founder of Levenue, highlights Switzerland as a significant market for both companies and states that the acquisition of MidFunder will accelerate and solidify Levenue’s operations in the region, contributing to reshaping the landscape of business financing in Switzerland.
