Finiata said to raise €7m in its funding round

Finiata, which helps businesses with their cashflow problems, has reportedly received €7m in its funding round.

The European Investment Fund was among the investors to the round, which comprised of existing Finiata backers, according to a report from Nordic9.

Headquartered in Berlin, Finiata delivers AI-powered tools to help small companies and freelancers access liquidity and gain insights into cashflow.

The Finiata Analityka service enables small business owners to monitor and predict their cash flow and get insights to master their liquidity.

Its Finiata FlexKapitał solution provides freelancers and SMEs the ability to take out a flexible credit line for a fixed low monthly fee.

Finiata’s previous bought of funding came in 2017, when it received €10m in its Series A. The capital was supplied by DN Capital, Point Nine, Fly Ventures, Redalpine, ENERN, and Kulczyk Investments.

In conjunction with the equity line, the FinTech also secured an €8m debt facility, but it is not clear who supplied this.

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