- Levenue, a Dutch revenue-based financing marketplace, has acquired MidFunder, a Zurich-based provider of non-dilutive capital for digital businesses, for an undisclosed sum.
- MidFunder’s revenue-based financing platform utilizes data from accounting and revenue growth to facilitate its underwriting process, with a focus on providing funds quickly to companies facing challenges in securing traditional financing.
- The acquisition is aimed at expanding Levenue’s operations in Switzerland and broadening its financing marketplace footprint 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 for investors.
- This acquisition follows Levenue’s previous purchase of fintech Cake in November, which enhanced its underwriting capabilities with open banking and data enrichment solutions.
- Benjamin Rieder, CEO and co-founder of Levenue highlights Switzerland as a significant market for both companies, stating that the acquisition will accelerate and solidify Levenue’s operations while contributing to reshaping the business financing landscape in Switzerland.
