Levenue, a revenue-based finance firm located in Breda, The Netherlands, has acquired MidFunder, a FinTech company based in Zurich, Switzerland, that offers funding to businesses that generate consistent income.
The deal’s total value was not made public.
Its strategic drive to improve its Swiss business is symbolized by the purchase.
MidFunder, a revenue-based financing platform, was established in 2020 by entrepreneurs Patrick Frei and Pascal Schumperli to provide equitable and non-dilutive finance to digital firms. Companies are evaluated by the platform in 48 hours, and after being placed on the marketplace, money are usually received in three days. The underwriting procedure guarantees an objective financial assessment by using accounting data and revenue growth research.
Levenue is a revenue-based financing marketplace run by CEO and co-founder Benjamin Rieder. It enables subscription-based businesses to leverage the anticipated cash flow from their current subscribers as collateral for non-dilutive funding offered to platform investors. Since its start in 2021, the platform—which operates in 16 European countries—has allowed investors to contribute over 300 million euros in total finance.
Concerning Levenue
Levenue is a pan-European marketplace where businesses with recurring income may get low-cost, non-dilutive capital to jump-start their expansion.
Currently operating in more than 15 European countries, our goal is to provide entrepreneurs the funding option they’ve been waiting for.
