myPOS partners with finmid to give merchants in Italy fast access to the funds they need to grow

More than thousands of merchants across Italy can now access the fast, flexible capital they need to scale after myPOS and finmid, the embedded finance infrastructure provider, partnered to help close the region’s €3 billion SME financing gap. 

Through the partnership, eligible myPOS merchants can now get personalised, pre-approved financing offers without leaving the platform. All offers are based on business performance data and, once accepted, the funds are available within 48 hours. 

Merchants can use the capital for anything they need to grow, from equipment to stock, managing cash flow gaps, or expansion and repayments are tied to revenue, allowing merchants to repay more in busier months or less when business is slow. 

The full lending infrastructure, including all underwriting, compliance, servicing and capital is provided by finmid, which is already trusted by platform giants Wolt, Glovo, Bolt Food and Freenow. 

Addressing Italy’s €3 billion SME financing gap

Italy has one of the most complex regulatory environments in Europe for business lending, and one the largest SME financing gaps to match. Until now, its 4.9 million small businesses have had little choice but to rely on slow, inaccessible banks because the fintech barrier to entry has been so high. 

finmid has not only built its infrastructure to absorb exactly this kind of complexity, but it’s already helped 150,000+ underserved business access working capital to help close funding gaps in its other 30+ European markets. Merchants who access its financing typically see an uplift of up to 45% in sales, an NPS of 80+ with 80% return for additional financing.

Alessandro Bocca, Country Manager Italy, myPOS: “Italian merchants have been let down by traditional finance for too long. Their appetite to grow is huge but what’s been missing is access to capital that moves at the speed of their business: fast, clear, and flexible. Embedding financing directly into myPOS with finmid changes that in a meaningful way for thousands of businesses.”

Max Schertel, Co-founder & CEO, finmid, said: “Italy has one of the largest SME financing gaps in Europe and one of the most complex regulatory environments, which is precisely what makes it both a huge underserved market, and opportunity. Our partnership with myPOS sends a strong signal to platforms across Italy and Southern Europe: embedded lending is now a real option, not a distant ambition, and working capital no longer needs to be a barrier to growth.”