Levenue acquires MidFunder to accelerate growth in Switzerland

The agreement is poised to expand Levenue’s financing marketplace presence across Europe, where it currently serves subscription-based companies in 16 countries, broadening its reach significantly.

Furthermore, Switzerland’s position as a unique market across the EU landscape made the deal highly sought after for Levenue.

Benjamin Rieder, CEO & co-founder of Levenue, explained, “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.

Moreover, the firm anticipates that this move will positively impact Levenue’s mission to revolutionise the way businesses are analysed and financed in Switzerland and beyond.

MidFunder was founded by Patrick Frei and Pascal Schumperli, who identified the challenge of securing funding from traditional financial institutions and created MidFunder to offer an alternative solution.

The company initially focused on crowdfunding for SMEs before pivoting to become a revenue-based financing platform for digital businesses. With a high-performing team onboard, MidFunder has raised over CHF 1m during challenging market conditions.