Dutch fintech Levenue expands portfolio with MidFunder acquisition

Dutch financing company Levenue announced today that it has acquired MidFunder, a Zurich-based fintech that provides financing for companies with recurring revenue. 

MidFunder’s co-founders identified a common challenge faced by other founders – the enormous difficulty in securing funding from traditional financial institutions. 

Banks often required personal guarantees, leading to lengthy waiting periods and eventual rejection. MidFunder was conceived to fill this gap, offering business owners fair and non-dilutive capital, allowing them to focus on growth.

MidFunder is a revenue-based financing platform for digital businesses. The platform assesses companies within 48 hours, and funds are typically received within three days of being listed on the marketplace. 

The underwriting process, including accounting data and revenue growth analysis, ensures unbiased financial evaluation.

Additionally, underwriting decisions are made partially based on quantitative data, such as accounting data and revenue growth, removing any possibility of prejudice in the financial evaluation.

According to Benjamin Rieder, CEO and co-founder of Levenue:

“When we spoke to Levenue, as one of the leading players in the RBF space globally, operating in 16 European markets, having funded over 500+ companies with ~300 million in facilitated trade, it was clear to us that we share the same mission of providing a new way of funding for businesses without dilution."

The acquisition of MidFunder, a self-regulated company with a similar mindset, tech stack, and business model, will allow Levenue to accelerate and solidify its operations in Switzerland.

Levenue previously acquired Belgian fintech Cake and Dutch company Requr. 

Lead image: Austin Distel.