Moneyflow Secures EUR 250M in Debt Funding from Aion Bank

Moneyflow, a Denmark-based fintech, has raised EUR 250 million in asset-backed debt funding from Aion Bank, to fuel the growth of its platform.

Founded four years ago, Moneyflow is an FSA approved Danish fintech company providing funding solutions for businesses through embedded finance. Through smart and integrated financial tools, Moneyflow helps businesses get paid the moment they send their invoice, in order to create an easy way for small and medium enterprises (SME) to access and provide liquidity for other SME's.

As mentioned in the official press release, the capital from Aion Bank is the largest amount that has been made available in Scandinavia at one time for a company of this nature.

Over the past 12 months, the company has purchased invoices for USD 53.7 million – made available by major Danish banks, but with the new funding from Aion Bank, it is now possible to pick up the pace.

In exchange for the capital, Aion Bank will get a third of Moneyflow's earnings.

(Source: The Paypers)