Finiata, a finance platform developed for SMEs, freelancers, and “Self-employed” consumers, has raised $21 million (or €18 million) in new funding for its platform, the company reports.
Founded by Sebastian Diemer, a fintech veteran who also co-founded credit scoring firm Kreditech, the company is focused on invoice financing for smaller companies or entrepreneurs with individual, one person operations.
The funding is a combination of debt financing and a larger Series A, according to data from CrunchBase.
The platform is designed to help these companies with credit, by selling discounted outstanding invoices to other parties.
Read more at TechCrunch and CrunchBase.