Moneyflow

Based in Denmark, Moneyflow offers invoice and revenue funding services to SMEs. It provides its services by integrating with accounting software and applying its underwriting engine, which incorporates accounting data and public information about customers for risk and payment predictions. For an SME to qualify for financing, its customer needs to be pre-approved by Moneyflow, and the invoice total should be between DKK 500,000 and DKK 5 million per month (~USD 72,700 and ~USD 727,000).

Funding and financials

The company raised EUR 250 million (~USD 249 million) in asset-backed debt funding from Aion Bank in September 2022. It had planned to utilize the fresh funds to accelerate the roll-out of its embedded finance services across platform partners throughout Europe. The two companies also intended to extend their cooperation with Aion and its technology partner Vodeno, set to provide additional banking services to Moneyflow, including access to local International Bank Account Numbers (IBANs) and local payment schemes across Europe.