Trends
Levenue buys MidFunder to accelerate growth in Switzerland
Levenue, Europe’s largest revenue-based financing company, has acquired Zurich-based FinTech MidFunder, to accelerate its growth in Switzerland. Levenue acquires Switzerland financing company MidFunder Currently, Levenue is serving subscription-based companies in 16 Europe. The agreement between Lev…
Headline
Levenue, Europe’s largest revenue-based financing company, has acquired Zurich-based FinTech MidFunder, to accelerate its growth in Switzerland. Levenue acquires Switzerland financing company MidFunder Currently, Levenue is serving subscription-based companies in 16 Europe. The…
Context
Levenue , Europe’s largest revenue-based financing company, has acquired Zurich-based FinTech MidFunder, to accelerate its growth in Switzerland. Currently, Levenue is serving subscription-based companies in 16 Europe. The agreement between Levenue and MidFunder around the acquirement is expected to expand Levenue’s presence in the European financing market and significantly broaden its reach. Additionally, Levenue is favourable to Switzerland’s unique position in the EU market.
Evidence
Pending intelligence enrichment.
Analysis
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.” Also read: Fintech revolution: Empowering retail investors in the bond market In addition, the company expects the move to have a positive impact on Levenue’s mission to revolutionise the way businesses are analysed and financed in Switzerland and beyond.
Key Points
- Levenue, Europe’s largest revenue-based financing company, acquires Zurich-based FinTech MidFunder to expand its presence in the European financing market.
- The acquisition aims to enhance operations in Switzerland and revolutionize business financing with tailored approaches.
Actions
Pending intelligence enrichment.
