DN Capital et al. in €18m round for Finiata

Point Nine Capital, Fly Ventures, Redalpine and Enern also took part in the round, which comprised a €10m equity funding portion and an €8m credit line.

It is the second German online factoring company to receive funding in December, after Creandum led a €10m series-A for Billie. 

The fresh capital will be used to expand into further markets, starting with Poland where it will be supported by Kulczyk.

Finiata had to obtain a licence in Germany to offer factoring to entrepreneurs, whereas the company said there are fewer regulations in Poland.

Previous funding
In October 2016, Point Nine led a €3.5m seed round for Finiata alongside various business angels and family offices.

Redalpine and Fly Ventures joined the seed round in January 2017 and extended it by a further €5.5m.

Company
Founded in 2016 and headquartered in Berlin, Finiata (formerly Blackbill) is an online factoring company. The business has 9,000 customers and has paid PLN 19m to SMEs in factoring services to date.

People
Finiata – Sebastian Diemer (founder); Greg Micyk (president).

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• Topics
• Expansion
• DACH
• Financials
• Germany
• Poland
• DN Capital
• Point Nine Capital