visimoney
TLDR:
Levenue, a Dutch revenue-based fintech company, has acquired MidFunder, a Zurich-based FinTech, to enhance its operations in the Swiss market. MidFunder provides non-dilutive capital to businesses with recurring revenue, with a focus on digital businesses. The acquisition aims to strengthen Levenue’s presence in Switzerland and offer innovative financing solutions without dilution for businesses in the region.
Full Article:
Levenue, one of Europe’s largest revenue-based financing companies, has acquired MidFunder, a Zurich-based FinTech that provides financing for companies with recurring revenue. The acquisition is a strategic move to enhance Levenue’s operations in the Swiss market.
Patrick Frei and Pascal Schumperli, founders of MidFunder, started the company to address the challenge faced by founders in securing funding from traditional financial institutions. MidFunder offers fair and non-dilutive capital to business owners, allowing them to focus on growth.
Initially focused on crowdfunding for SMEs, MidFunder pivoted to become a revenue-based financing platform for digital businesses. The platform has raised over CHF 1 million during challenging market conditions and boasts a high-performing team with backgrounds in leading companies.
One key advantage of MidFunder is the rapidity of financing, with companies being assessed within 48 hours and funds typically received within three days of listing on the marketplace. The underwriting process ensures unbiased financial evaluation based on quantitative data like accounting information and revenue growth.
The acquisition by Levenue aims to strengthen its presence in Switzerland and provide innovative financing solutions without dilution for businesses in the region. By combining Levenue’s strengths with MidFunder’s expertise, the companies aim to reshape the landscape of business financing in Switzerland.
