Source: SME Finance
SME Finance, the fintech reinventing growth financing for small- and medium-sized enterprises, announces today its expansion into the Netherlands.
By catering directly to the Dutch market, this expansion not only marks a major step forward in SME Finance’s broader availability throughout Europe but will drive growth and improve financing access in the country. This Dutch expansion is the latest strategic move by SME Finance, which has already established its reputation and viability by providing more than €1,4 billion in working capital to over 3,000 growing businesses across the Baltics and Finland. The fintech is particularly well-suited to meet the ever-growing needs of the Dutch market, which is home to 2 million companies, 93% of which employ fewer than five people.1 Ranked sixth in the world by the Global Innovation Index, the Netherlands’ market is highly agile, technical, and actively in need of innovation-minded solutions alternative financing can provide.3
Despite being the backbone of modern European economies, small businesses remain underserved by traditional banks and lenders. SME Finance’s alternative financing platform is data-driven and highly customizable, encompassing business loans and credit lines, invoice finance, factoring, leasing, and revenue-based financing - all crucial for growing SMEs in competitive markets. Its AI-driven evaluations provide accurate, unbiased lending decisions, and our users can manage services on the single platform SmeGo and mobile app. These methods and tools are designed specifically to support small businesses that are regularly ignored or overlooked by traditional financial institutions.
This expansion will improve access essential for SMEs across the Netherlands while powering digitalization and innovation in the financial sector. By doing so, SME Finance actively supports regional development and stimulates growth in and beyond the region.
SME Finance CEO Mindaugas Mikalajūnas says, “Considering our goal to become a leader in providing the most innovative financing solutions to every kind of business across Europe, the Netherlands is a highly strategic market for us. The country already boasts a highly technological and digitally-minded economy, and we offer a multitude of services perfectly suited for local businesses. We’re confident our seamless financing experience will position us as a competitive fintech lender.”
Bas Vanhorick, CEO in the Netherlands, says, “This expansion provides small businesses in the Netherlands with crucial access to growth financing and with a wide range of financing products, even unsecured loans. We are meeting these businesses where they are, and that makes an actual, tangible difference within the SME economy.”
SME Finance is planning further expansion in 2023 in Spain and Germany.