Danish fintech platform Moneyflow raises €250m in debt funding to roll out its integrated financial services

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Based in Copenhagen Money flowan embedded fintech startup, announced Wednesday (August 31) that it had raised €250 million in a debt financing deal with the banking-as-a-service (BaaS) provider Aion Bank.

Wojciech Sass, CEO of Aion Bank, says, “We believe that the best banking products and services should be available to everyone, and Moneyflow does just that for SMEs. The goal of our BaaS business is to enable brands, retailers and fintechs like Moneyflow to integrate financial services that help drive innovation. We’re excited to help the Moneyflow team accelerate their growth, which will help more businesses get paid faster.

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Expansion Fund

Moneyflow says it will use the funds to accelerate the rollout of its integrated financial services across partner platforms in the Nordics and wider Europe.

The Danish fintech startup and Aion Bank also intend to expand their cooperation to other markets. Aion and its technology partner, Vodeno, will provide a number of banking services to Moneyflow, including access to local IBANs and local payment systems where the bank is currently established in Europe.

Kim Ulf Rehfeld Thodén, CEO and Founder of Moneyflow, says, “We believe in a future where getting paid is easy. From the start, early or as agreed, we put the control in the hands of the receiver, not the payer. Aion Bank’s balance sheet support is the largest single raise amount available to a fintech of our nature in Scandinavia. We are now ready to step on the accelerator to seize the significant and growing market opportunity. »

Brief on Moneyflow

Founded in 2018 by Danish entrepreneur Kim Ulf Rehfeld Thodén, Moneyflow offers SMBs invoice financing and revenue financing within their current workflow platform, enabling brands to grow. To do this, the company claims to have developed the “most” advanced underwriting engine on the market with advanced risk and payout predictions.

Due to the lack of danger of late payment, businesses can free up cash from future bills and revenue. SMEs can sell their invoices and revenue streams directly on their ERP platforms such as Visma e-conomic, Dinero and Ordrestyring.

Moneyflow is regulated by the Danish Financial Supervisory Authority.

About Aion Bank and Vodeno

Aion Bank and Vodeno are working together as business partners to transform the financial services industry. With the help of banking experts, a cloud-native “360” platform ecosystem and an ECB banking license that can cover the whole EU market on a passport basis, the companies provide integrated financial services to banks, lenders and merchants in various sectors. .

Aion and Vodeno have the ability to meet regulatory requirements while enabling rapid innovation. Their solutions include all aspects of the banking ecosystem, including basic smart contract enabled banking, accounts, integration, payments, cards, and investment and lending options.

Aion Bank and Vodeno are separate companies backed by global private equity firm Warburg Pincus LLC.

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