Warsaw-based fintech startup Wealthon, which provides integrated financial solutions for small and medium-sized businesses, has raised €115.5 million (PLN 531 million) in funding. The new capital comes from 3TS Capital Partners and affiliates of Fortress Investment Group, as reported by the startup to Vestbee.
- Wealthon was founded in 2019 by Aleksander Majchrzak and Aleksander Przetakiewicz. The firm says it revolutionizes financial services for small and medium-sized businesses by developing an innovative ecosystem that simplifies financial management.
- Wealthon was originally launched as a lending platform but has since expanded to offer several financial solutions, including:
- POSCASH: Financing based on payment terminal transactions
- WALLET: A mobile app for managing finances
- LIMIT: Instant credit line access via a mobile app
- POS System: A tool combining sales, orders, and inventory management.
- These solutions support small and medium-sized businesses, in sectors like HoReCa, retail, and e-commerce.
Details of the deal
- The investment was backed by 3TS Capital Partners, which provided equity funding, and affiliates of Fortress Investment Group, which provided debt financing. A group of angel investors also contributed to the funding.
"We are impressed with the quality of the management team and share their vision of becoming a regional leader for SMEs in selected high-growth industries. The market is still in the early stages of adopting such integrated solutions, yet it is large, and all sub-segments are growing rapidly," Zbigniew Łapiński, Senior Partner at 3TS Capital Partners, commented in a press release.
- Wealthon plans to use the funds to accelerate its growth and expand its offerings. The company will allocate PLN 31 million in equity capital from 3TS and angel investors to further develop its products and strengthen its sales network.
- Additionally, the debt financing from Fortress Investment Group will help scale up financing for SMEs. The firm is also considering acquisitions to enhance its position in key market segments and is preparing for international expansion to broaden its reach.
"The new funding will strengthen our market position and significantly expand Wealthon's reach. This is great news for small and medium-sized enterprises, for whom we are building our innovative financial solutions ecosystem and whom we aim to support long--term in growing their businesses," claims Aleksander Przetakiewicz, co-founder and Chairman of the Supervisory Board at Wealthon.
