Europe faces an SME financing gap of €400 billion, leaving many small businesses unable to access the funding they need to grow and compete. Several companies, including Swedish fintech Fredo address this challenge by offering financing options for SMEs. In line with this effort, Polish fintech Wealthon has secured €115.5 million in its latest funding round, reinforcing its mission to provide accessible financial solutions for small and medium-sized enterprises (SMEs).
The startup has gained the trust of 3TS, one of Europe’s leading growth capital firms, which provided equity funding. It also secured a debt financing facility with funds managed by affiliates of Fortress Investment Group, a leading global investment manager, to scale up financing for SMEs.
Expansion, acquisitions, and product development
With the fresh capital from 3TS and a group of angel investors, Wealthon plans to enhance product development to improve its digital financial ecosystem, strengthen its sales network to reach more SMEs, explore acquisitions to solidify its market position, and expand internationally, tapping into underserved markets.
The international potential of Wealthon has also been recognised by investors who have decided to support the company at this stage of its development.
“We are impressed with the quality of the management team and share their vision of becoming a regional leader for SMEs in selected high-growth industries. The market is still in the early stages of adopting such integrated solutions, yet it is large, and all sub-segments are growing rapidly,” commented Zbigniew Łapiński, Senior Partner at 3TS Capital Partners.
“With Wealthon’s integrated product offering designed around the needs of small and medium-sized businesses, the loans the company originates provide a compelling investment opportunity for Fortress funds,” said Ola Eriksson, Managing Director at Fortress Investment Group.
Range of fintech solutions
Wealthon was founded in 2019 by Aleksander Majchrzak and Aleksander Przetakiewicz. The company was established to address the significant challenge that small and medium-sized enterprises (SMEs) face in accessing finance. Traditional banking products often do not focus on this segment, leaving many SMEs without adequate financial support. Wealthon aims to bridge this gap by providing innovative financial solutions tailored to the needs of local entrepreneurs.
It has developed a proprietary financial ecosystem designed to streamline SME financial management. It offers a range of digital products tailored to SME needs, including:
- POSCASH – Financing linked to payment terminal transactions, with repayments automatically deducted from daily sales.
- WALLET – A mobile financial management tool enabling cashless transactions.
- LIMIT – An instant credit line accessible via a mobile app.
- POS System – A comprehensive sales and payment solution integrating a cash register, payment terminal, sales assistant, order management, and inventory tracking. This is particularly beneficial for businesses in hospitality, retail, and catering.
A step toward closing the SME funding gap
Wealthon’s latest funding round marks a significant step in addressing Europe’s SME financing shortfall. With backing from top-tier investors and a clear strategy for expansion, the company is well-positioned to transform access to financial services for small businesses, empowering them to scale and thrive in an increasingly digital economy.
“We are consistently executing our strategy to create a new standard in SME financial management. We are no longer just a lending company. We are well on our way to becoming the leading provider of digital financial services for entrepreneurs. Our goal is not just to provide capital but to integrate a comprehensive multi-product platform that combines interrelated services – from easy and fast access to financing to efficient financial and business resource management. Soon, we will be adding even more complementary solutions. I’m thrilled that, thanks to the trust of our new investors, we can execute our highly ambitious plans,” said Aleksander Majchrzak, founder and CEO of Wealthon.
“The new funding will strengthen our market position and significantly expand Wealthon’s reach. This is great news for small and medium-sized enterprises, for whom we are building our innovative financial solutions ecosystem and whom we aim to support long-term in growing their businesses,” said Aleksander Przetakiewicz, co-founder and Chairman of the Supervisory Board at Wealthon.
