A strategic move to enhance its Swiss operations
In brief:
- Levenue, Europe’s largest revenue based financing company, has acquired MidFunder, a Zurich based FinTech that provides financing for companies with recurring revenue. The acquisition marks a strategic move to enhance its Swiss operations.
- Initially focused on crowdfunding for SMEs, MidFunder pivoted to become a revenue-based financing platform for digital businesses.
- Motivated by a shared mission to provide new funding avenues without dilution for businesses, MidFunder entered into acquisition discussions with Levenue.
What does this mean?
Benjamin Rieder, CEO & Co-Founder of Levenue, said: “As we enhance our operations in Switzerland, a significant market for both sides of our marketplace, we recognised the need for a strategic move to strengthen our presence. Switzerland, by its nature and legislation, stands separated from the EU, making it a unique market that demands a tailored approach. ‘Acquiring MidFunder, a self-regulated company with a remarkably similar mindset, tech stack, and business model, presented us with an amazing opportunity. This strategic move allows us to accelerate and solidify our operations in Switzerland, demonstrating our commitment to providing innovative and efficient financing solutions to businesses in the region.
