Danish fintech start-up Moneyflow lands €250m in debt financing
Nordic embedded finance start-up Moneyflow has entered a €250 million debt financing agreement with banking-as-a-service (BaaS) provider Aion Bank.
Moneyflow raises debt funding
Moneyflow says the facility will help accelerate the rollout of its embedded finance services on its partner platforms throughout the Nordics and the rest of Europe.
Founded in 2018 and based in Copenhagen, Moneyflow provides two kinds of funding solutions for businesses – invoice funding and revenue funding. To enable this, the fintech platform has developed its own underwriting engine with risk and payment prediction features.
“We believe in a future where getting paid is easy. Upfront, early, or just as agreed, we put the control in the hands of the receiver, not the payer,” says Kim Ulf Rehfeld Thodén, Moneyflow’s CEO and founder.
“The balance sheet support from Aion Bank is the largest single raise amount made available to a fintech of our nature in Scandinavia.”
Moneyflow and Aion Bank plan to extend their partnership into additional markets. Aion and its technology partner Vodeno will provide banking services to Moneyflow, including access to local IBANs and local payment schemes where Aion Bank is operational in Europe.
