Finmid expands embedded finance to 30 European countries

Core Insights - Finmid, a European financial services infrastructure provider, is expanding its embedded lending solution to 30 European markets, including Bulgaria, Hungary, Malta, Romania, and Switzerland, providing over 32 million SMEs direct access to capital [1][3] Group 1: Expansion and Market Impact - The expansion allows platforms and merchants to unlock new revenue streams, offering SMEs opportunities to realize their potential [2] - Finmid's integration addresses a €400 billion ($468.44 billion) financing gap for Europe's SMEs, enabling platforms to offer capital on equal terms across different locations [3] - Existing partners like Wolt and Glovo plan to extend their financing solutions into the newly enabled markets, leveraging Finmid's offerings for growth [4][5] Group 2: Historical Context and Future Outlook - Since its launch in 2021, Finmid has provided over €4 billion in capital to European SMEs through partnerships with companies such as Wolt, Glovo, and Bolt [3] - The co-founder of Finmid emphasized that the expansion removes barriers for platforms to offer capital across Europe, potentially facilitating significant growth for SMEs in the next decade [4]