Finiata
Company

Last deal

$6.31M
Local Amount - EUR 7M

Amount

Series A

Stage

11.11.2020

Date

3

all rounds

$13.26M

Total amount

date founded

Financing round

General

About Company
Finiata offers flexible financing to small businesses and freelancers through a line of financing and factoring.

Industry

Sector :

Subsector :

Also Known As

BlackBill Internet, Bezahlt

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

The company uses a credit scoring system that combines manual processes, traditional scoring algorithms, and alternative data sources to understand SMEs and make the right lending decision. Finiata's finance platform provides an automated credit solution to small businesses in Europe, with a vision to provide simple tools for managing financial performance. The company's young and international team is spread across three offices and is funded by top European investors.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Acquired by

Manta Ray Ventures

announced date

03.05.2022

Financials

Funding Rounds
5
3

Number of Funding Rounds

$13.26M

Money Raised

Their latest funding was raised on 11.11.2020. Their latest investor KAYA. Their latest round Series A

Date 
Funding Round 
Investors 
Money Raised 
Lead 
11.11.2020
5
$6.31M
Local Amount - EUR 7M
14.08.2020
8
$6.94M
Local Amount - EUR 7.7M
14.12.2017
Co-Investors
Investors
18
1

Number of lead investors

18

Number of investors

Investor 
Lead 
Round 
Partners 
No
Convertible Note
No
Convertible Note
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1
Pavel Mucha

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Mr. Pavel Mucha serves as Board Member at ZnanyLekarz. He serves as a General Partner at Kaya VC. He served as a Board Member at Finiata. He also serves as an Investment Committee Partner at Orbit Capital. He also serves as a Board Member at Topíte.cz. He also serves as a Board Member at Twisto Payments. He spent more than 15 years in technology and telecom businesses in Europe, the United States, and China. He is the Chairman of Slevomat Group, e-commerce, and CEO of Centrum Holdings, an internet media house in CEE. He served as an Associate Partner at McKinsey & Company, a high-tech and telecoms business around the world. He serves as a Board Member at PizzaTime. He served as the CEO at NetCentrum. He serves as a Board Member at Woltair.

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People

Founders
4
Kenan Deniz
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Daniel Schlotter
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Naveen Prasad
Naveen Prasad

Naveen Prasad

Naveen Prasad is a serial entrepreneur, an active investor and advisor. Currently Founder & MD at Group Agilis (Agilis Capital & Agilis Advisors), he manages a couple of Billion dollars of transactions. In the very first year of operations, he built a pipeline of ~$1 Billion and spearheads the leadership team. Prior to Agilis, he was part of the founding team at Blackbill Internet (now Finiata) (7 digit seed funding, 8 digit refinancing line). Previously, he founded MinRP.com (exited). Apart from building his own ventures, Naveen has also contributed to the success of MNCs and start-ups: He was the Chief Product Officer at Lendico (acquired by ING Diba) and the Head of Product at Kreditech, where he led the product team, executing a series of strategical initiatives across the lending products at Kreditech, playing a pivotal role in closing a US$103 million Series C funding round. Before Kreditech, he was handling product initiatives for 10+ product lines at Amazon and has a strong eCommerce background. With almost seven years of experience in product management, consulting, and product development, Naveen has led product, design and content teams on projects for both enterprise clients and startups. He is passionate about driving product strategies and innovations that delight consumers and exceed business expectations. Prior to Kreditech, Naveen was product and program Manager at Amazon, handling projects ranging from pricing and promotions, competitive research, selection expansion, vendor recruitment, CX, to process improvements for hardlines (10+ product lines). In 2011, he founded his own start-up MinRP, a price comparison website based out of India. Naveen specializes in internet industry, retail, fintech, and financial services and is backed by solid credentials including MBA in International Management, Engineering and Analytical expertise.

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Sebastian Diemer
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Employee Profiles
11
Christoph Nicola

Christoph Nicola

CFO

Jan Enno Einfeld

Jan Enno Einfeld

CEO

Amit Kahana

Amit Kahana

Advisor

Ingmar Stupp

Ingmar Stupp

CPO & Managing Director

Activity

Recent News
2
News Timeline

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