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INTERNET | Internet Software & Services / Accounting & Finance
finiata.de

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Founded Year

2016

Stage

Series A - II | Alive

Total Raised

$29.52M

Last Raised

$8.23M | 1 yr ago

About Finiata

Finiata, formerly Blackbill, provides working capital financing for freelancers and SME's over a fully automated data driven scoring technology, which provides same-day decision-making and liquidity.

Finiata Headquarter Location

Zimmerstraße 67

Berlin, 10117,

Germany

+49 (0) 32 221097403

Latest Finiata News

Berlin-based flexible credit provider Finiata raises €7 million for European expansion

Nov 11, 2020

Berlin-based flexible credit provider Finiata raises €7 million for European expansion November 11th, 2020. Berlin-based startup Finiata , which gives flexible credit lines to small businesses, has raised € 7 million in a follow-on funding round from most existing investors. The European Investment Fund is also participating through the Corona Matching Facility. Finiata’s machine learning algorithm ‘Copernicus’ determines the creditworthiness of potential borrowers within a few minutes and – assuming a positive score – provides them with ‘FlexKapital’, a credit line of three to eight percent of their annual sales. The startup’s focus is on small, cross-industry companies with up to €10 million in annual sales and up to 50 employees, including freelancers and self-employed people. Finiata says that means over 90 percent of European businesses fall in its target group. That said, the tech company is currently only active in Germany and Poland. This new funding will help the team prepare its platform for international expansion. Finiata is also developing ways to market Copernicus as a financial scoring service for banks and other players in the credit business. Founded in 2016, the German startup previously raised three rounds of funding in 2017: a €10 million Series A, an €8 million round of debt financing and a €5 million seed round. Investors over time include Point Nine Capital, Redalpine, DN Capital, La Famiglia, Fly Ventures, Manta Ray Ventures and others. Photo by Raimar von Wienskowski: Finiata’s C-level team

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Research containing Finiata

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CB Insights Intelligence Analysts have mentioned Finiata in 2 CB Insights research briefs, most recently on Oct 27, 2021.

Expert Collections containing Finiata

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Finiata is included in 4 Expert Collections, including Digital Lending.

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

S

SMB Fintech

1,145 items

G

Gig Economy Value Chain

155 items

Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry

F

Fintech

4,558 items

Track and capture company information and workflow.

Finiata Web Traffic

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