POELLATH advised Finiata on Series A financing round
Finiata has offered a flexible credit line with “FlexKapital” since November 2018. Finiata’s machine learning algorithm “Copernicus” automatically determines the creditworthiness of potential borrowers online within a few minutes and provides them with a credit line of three to eight percent of the annual turnover with FlexKapital - provided the score is positive.
The focus is on small enterprises in various industries with up to ten million Euros in annual turnover and up to 50 employees, among them also freelancers and self-employed persons. This provides this target group fast, unbureaucratic assistance with their liquidity planning, in particular in times of CoViD-19 - completely automated and within a few minutes.
POELLATH advised Finiata in the context of these financing rounds with the following team: