What Moneyflow does

Moneyflow is a Copenhagen-based embedded finance company founded in 2018 that provides invoice financing and receivables-backed funding to small and medium-sized businesses (SMBs), primarily across the Nordics and broader European market. Its core product lets SMBs accelerate cash flow by drawing working capital against outstanding invoices, replacing the slow, friction-heavy process of waiting on customer payments. In 2024, the company publicly refocused its Fundiment platform toward banks and large corporates as customers, repositioning the offering as a B2B lending-infrastructure play rather than a direct SMB lender.

The Fundiment platform is the technological backbone, providing customer lifecycle management (instant application, onboarding, assessment, KYC), embedded fulfilment, automated credit evaluation, and AI-powered risk monitoring and reporting. It exposes a public API (documented at app.fundiment.io/swagger) and is built to be embedded inside partner products. Platform-reported metrics include 7,000 companies automatically credit-evaluated, 14 million accounting transactions feeding predictive invoice-payment models, more than 2 million automated financing offers created, and €150 million in total financing handled. The company was named an alumni of the Mastercard Finativ Lighthouse Program in 2024.

Revenue is generated primarily through transaction fees on financed receivables — a take-rate model priced per deal rather than through disclosed public tiers. Distribution is overwhelmingly OEM/white-label and channel-based: an embedded factoring launch with Denmark's largest accounting platform in 2022 provides direct SMB workflow access, while a 2022 partnership with Belgian digital bank Aion Bank (€250 million debt facility) and Banking-as-a-Service provider Vodeno enables white-label rollout of embedded invoice financing products across Europe. The company operates as Moneyflow Group A/S, a Danish public limited company, with a small team (1–10 employees) and a registered address at Vesterbrogade 26, Copenhagen. Capital sources include the 2022 Aion Bank debt facility and a January 2024 equity round of approximately $4.3 million led by West Hill Capital.

Name

Moneyflow

Legal name

Moneyflow Group A/S

Website

https://moneyflow.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Moneyflow is a Copenhagen-based embedded finance company that provides invoice financing to small and medium-sized businesses across the Nordics and Europe, delivered through its Fundiment lending platform and distributed via white-label partnerships with banks, BaaS providers, and accounting software platforms.

Ownership category

akta.pro rank

Product category

Embedded Invoice Financing

NAICS

Other Nondepository Credit Intermediation (52229), Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Merchant Cash Advance & Revenue-Based Financing Enablement (FSAGALAH)

akta.pro secondary industry

Invoice Trading / Receivables Marketplace (P2P) (FSAKAHAH)

Keywords

• Embedded invoice financing
• Lending infrastructure platform
• SMB working capital
• Receivables-backed funding
• Embedded finance services

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Invoice Financing / Factoring Fees: Moneyflow earns revenue through invoice financing and factoring fees by providing SMBs with faster access to cash from their receivables. The embedded finance platform enables these services to be offered within partner platforms.
2. Receivables-Backed Financing: Provides receivables-backed funding to SME companies, facilitating faster payments. Revenue is generated from the interest and fees on the financed receivables.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Moneyflow provides embedded invoice financing services for small and medium-sized businesses, enabling faster access to cash from outstanding receivables. Since 2024, the underlying Fundiment platform is sold exclusively to banks and large corporates as lending infrastructure, offering customer lifecycle management, automated credit evaluation, embedded fulfilment, and AI-powered risk monitoring.

Product overview

Moneyflow operates as an embedded finance startup offering invoice financing services for SMBs across Europe, with operations focused on the Nordics. The company's core product is invoice financing, which allows small businesses to access funds against their outstanding receivables. This is delivered through the Fundiment platform (moneyflow's technology platform), which enables embedded finance services including customer onboarding, KYC, credit assessment, automated financing offer creation, and AI-powered risk monitoring. The platform processes over 14 million accounting transactions to power predictive payment models.

Differentiator

Problem solved

Functional benefit

Products and services

• Invoice Financing Services Embedded finance service providing invoice financing for small and medium-sized businesses, enabling companies to get paid faster by accessing funds against outstanding invoices. Delivered through partner platforms such as accounting software and banking apps.
• Fundiment Platform Lending infrastructure platform that enables banks and large corporates to build, operate, and scale financing services. Provides customer lifecycle management (instant application, onboarding, assessment, KYC), embedded fulfilment, automated credit evaluation, and AI-powered risk monitoring and reporting. Exposed via API for programmatic integration.

Quantifiable outcome

• €150 million total financing handled via the platform
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

One partnership is on record.

• VodenocoreTechnology or Integration · 1 September 2022Vodeno provides Banking-as-a-Service platform infrastructure in collaboration with Aion Bank, enabling Moneyflow to deliver embedded invoice financing products through white-label banking services across Europe.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• iwoca: UK-based embedded SMB lending platform offering flexible credit lines and loans to small businesses via API and partner integrations. Highly comparable to Moneyflow as a European embedded SMB finance provider, though iwoca focuses on revolving credit rather than invoice financing.
• Liberis: Embedded revenue-based finance provider serving SMBs through platform integrations with payment processors and software partners across Europe. Direct peer — comparable embedded GTM, SMB focus, and partner-led distribution model.
• Billie: Berlin-based B2B BNPL and invoice financing platform offering embedded pay-later solutions to SMBs via integrations with ERP, accounting, and e-commerce platforms. Closely matches Moneyflow's invoice-financing product and embedded distribution.
• Uncapped: UK/European revenue-based finance provider for SMBs, funded by Fasanara Capital. Comparable to Moneyflow in providing non-dilutive growth capital to SMBs via embedded partnerships, though structured as RBF rather than invoice financing.
• MarketFinance (Known): UK-based invoice financing and SMB lending platform providing working capital through embedded finance partnerships. Direct competitor in receivables-backed SMB financing, with comparable product breadth and a similar embedded-finance pivot strategy.

Emerging players

• Wayflyer: Revenue-based financing platform for e-commerce SMBs in Europe and the US, using data integrations for underwriting. Comparable in data-driven SMB underwriting, though skewed toward e-commerce rather than broad SMB invoice financing.
• Treyd: Stockholm-based B2B buy-now-pay-later provider offering invoice financing to SMBs. Geographic peer in the Nordics with overlapping invoice-financing product, though smaller scale and a different funding model.

Broad incumbents

• Capital on Tap: UK SMB credit card and lending provider with embedded distribution. Broader SMB-finance incumbent with overlapping SMB customer base, though primarily card-based rather than invoice-financing.

Others

• Vodeno: European Banking-as-a-Service cloud provider powering Moneyflow's white-label infrastructure alongside Aion Bank. Listed as an ecosystem partner/infrastructure provider rather than a competitor — supplies the underlying stack Moneyflow relies on.
• Aion Bank: Belgian fully digital bank providing the regulated banking infrastructure and debt funding for Moneyflow's embedded invoice financing. Ecosystem partner rather than competitor — supplies funding and regulatory perimeter Moneyflow distributes through.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/moneyflow-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moneyflow