SME Finance, UAB

Based in Lithuania, SME Finance, UAB operates a digital lending platform offering tailored financing solutions primarily for small and medium-sized enterprises (SMEs) across Europe. SME Finance, UAB specializes in providing innovative financial solutions for small and medium-sized enterprises. Founded in 2016 and headquartered in Vilnius, Lithuania, the company has successfully completed 4 deals, with the latest occurring on April 13, 2023. This included a VENTURE DEBT round where the company raised EUR 100.

00 mn from Fasanara Capital, bringing the total funds raised to EUR 5. 00 mn. The CEO is Mindaugas Mikalajunas, and the company was established under the leadership of founder Marius Svidinskas. SME Finance offers an AI-driven digital lending platform known as smeGo.

This platform provides financing solutions tailored for SMEs, digital businesses, e-commerce platforms, and freelancers. Key offerings include business loans, invoice financing, revenue-based financing, and various leasing options. Established in 2016, smeGo serves clients in Lithuania, Latvia, Estonia, Finland, and the Netherlands, allowing users to request financing swiftly through its website or mobile app. The AI technology ensures rapid and impartial lending decisions to meet clients' cash flow and working capital needs.

In 2022, SME Finance generated revenue of EUR 10,576,256. 60 with an EBITDA of EUR 3,829,129. The company facilitates B2B transactions that enable SMEs and freelancers to secure funds for various business purposes, such as invoice financing, which provides immediate cash flow against outstanding invoices. Following the recent VENTURE DEBT funding of EUR 100.

00 mn secured in April 2023, SME Finance plans to enhance its platform's accessibility for users. This funding will be pivotal for developing new product offerings and improving the user experience. The company is also targeting expansion into broader European markets, although specific regions and timelines for this initiative have not been disclosed.