Swishfund

What Swishfund does

Swishfund Nederland B.V. is a Dutch fintech lender founded in 2016 by Pieter Schoen (known from the Dutch Dragons' Den) and two partners, headquartered in Amsterdam. The company provides short-to-medium-term business loans to small and medium-sized enterprises in the Netherlands, with loan sizes ranging from €5,000 to €500,000 and terms of 3 to 24 months. Customers must be KvK-registered, operating for at least one year, with a business bank account and minimum turnover of €30,000–€50,000.

The core product is the Zakelijke Lening (Business Loan), supplemented by Smart Track (a streamlined short-term financing product launched in 2020) and PIN Voorschot offerings (payment advances and revenue-based financing, integrated after the November 2024 acquisition). The platform is built around a digital self-service application flow: customers apply online in roughly five minutes using only their KvK number and NAW details, then grant one-time PSD2-based access to their business bank account (or upload MT940 transaction files) for automated creditworthiness assessment. An in-house automated credit space calculation engine evaluates transaction patterns, cash flow and revenue trends to determine eligibility and pricing without manual underwriting for initial decisions. A client portal at sfconnect.nl supports ongoing loan management, and digital contract signing enables same-day-to-24-hour payout after approval.

Swishfund monetizes through a 2% closing fee (minimum €650) at origination plus monthly interest of approximately 1.0–2.2% depending on risk profile, with penalty-free early repayment available after 25% of the loan term. Distribution is digital-first via an online application portal, with inside-sales phone support for lead qualification, supplemented by a multi-channel brand presence including national radio, highway billboards, SEO and a content blog. Since 2016, Swishfund reports having financed over €350m to 7,000+ Dutch entrepreneurs across 13,000+ loans, holds the Erkend MKB-Financier certification from Stichting MKB Financiering, and operates as a single-country, privately held company with no disclosed external venture or private equity backing.

Name

Swishfund

Legal name

Swishfund Nederland B.V.

Website

https://swishfund.nl

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Swishfund is a Dutch fintech lender providing online business loans of €5,000–€500,000 with 3–24 month terms to KvK-registered SMEs, using PSD2-based automated credit assessment and a digital self-service application flow to deliver 24-hour funding decisions.

Ownership category

akta.pro rank

Product category

SME Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

Keywords

• SME business loans
• Alternative lending
• Online credit assessment
• Working capital finance
• Fintech lending platform

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Monthly Premium/Interest: Monthly interest charged on loan amount, determined by company's risk profile and loan size. Rates vary from approximately 1% to 2.2% per month depending on creditworthiness assessment.
2. One-time Closing Fee: Standard 2% closing fee on loan amount with minimum of €650. One-time charge at loan origination.
3. Early Repayment Interest Discount: When loan is fully repaid early, Swishfund provides interest discount. Earlier repayment results in higher premium discount.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Swishfund provides online short-to-medium-term business loans to Dutch SMEs (KvK-registered, minimum 1 year operating, €30,000+ annual turnover) ranging from €5,000 to €500,000 over 3 to 24 month terms. Customers apply through a 5-minute online portal using only their KvK number, NAW details, and a one-time PSD2 bank connection for AI-driven credit assessment, with funds disbursed within 24 hours of approval. Revenue is generated through a 2% closing fee (minimum €650) and monthly interest of 1% to 2.2% based on risk profile, with penalty-free early repayment available after 25% of the loan term.

Product overview

Swishfund operates as a single-platform fintech offering primarily a unified business lending product—the Zakelijke Lening—supplemented by acquired brands (PIN Voorschot) and specialized short-term products (Smart Track). The core platform provides end-to-end loan services from application through disbursement and repayment management, with an integrated client portal for ongoing account access. The company leverages AI-driven automated credit assessment and PSD2 bank connectivity to streamline the lending process for Dutch SMEs.

Differentiator

Problem solved

Functional benefit

Products and services

• Zakelijke Lening (Business Loan) The primary Swishfund offering providing short-to-medium-term business financing to Dutch SMEs. Loans range from €5,000 to €500,000 with terms from 3 to 24 months, featuring 5-minute online applications, AI-driven credit assessment, and 24-hour fund disbursement after approval.
• Smart Track A fast short-term financing product launched in September 2020 offering rapid access to financial support for entrepreneurs with a streamlined application process.
• PIN Voorschot An acquired financing brand now integrated into Swishfund's platform, providing additional financing options for Dutch entrepreneurs including revenue-based financing and payment advances.

Quantifiable outcome

• €350m+ financed to entrepreneurs
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature3 records

Partnerships

Six partnerships are on record, tiered major, core and minor.

• PIN VoorschotmajorStrategic or Co-development Partner · 1 November 2024PIN Voorschot was acquired by Swishfund and became part of the company. The two companies combined their experience, technology, and personal approach to offer better support to entrepreneurs with more possibilities than ever. They merged to one office location on November 1, 2024.
• Stichting MKB FinancieringcoreStrategic or Co-development PartnerSwishfund is a certified SME financier (Erkend MKB Financier) and member of the SME Financing Foundation, operating under the Code of Conduct for Small Business Credit.
• Code-VminorStrategic or Co-development PartnerPartnership supporting female entrepreneurship in the Netherlands. Swishfund supports Code-V's mission to improve access to financing for female entrepreneurs.
• KiFiD (Klachteninstituut Financiële Dienstverlening)coreStrategic or Co-development PartnerSwishfund is affiliated with KiFiD for dispute resolution. The Financial Services Complaints Institute handles complaints, and Swishfund commits to comply with binding advice.
• DevionminorGTM or Marketing PartnerCreative partner for video production, visual content development, and campaign concepts for Swishfund's branding and marketing materials.
• TambrminorGTM or Marketing PartnerAudio production partner that created Swishfund's sound logo and radio spot production.

Scale indicators5 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• Qeld: Dutch alternative SME lender offering fast business loans to Dutch entrepreneurs, competing head-to-head in the same non-bank MKB financing niche with online application and quick disbursement.
• New10: Dutch online business loan platform offering SME financing up to €250,000 with automated underwriting; operates in the same KvK-registered Dutch SME segment with similar digital-first GTM.
• Fundr: Dutch fintech offering working capital and invoice financing to SMEs via a digital platform, competing with Swishfund on speed and accessibility for Dutch small businesses.
• Floryn: Amsterdam-based fintech providing fast online business loans to Dutch SMEs with AI-driven credit assessment and same-day funding, the closest direct competitor to Swishfund in the Dutch non-bank SME lending market.
• CapitalBox (Younited): Dutch SME lending brand owned by European fintech Younited Credit, providing short-term business loans to Dutch SMEs with similar ticket sizes and digital onboarding flow.

Regional players

• October (formerly Lendix): European SME lending platform operating in France, Spain, Italy, and Germany with marketplace-style business loans; overlaps with Swishfund on cross-border SME credit but primarily Continental European, not Dutch-focused.

Broad incumbents

• Younited Credit: Paris-headquartered European consumer and SME credit marketplace; parent of CapitalBox NL and broader competitor in instant SME credit across multiple EU markets.
• Funding Circle: Listed UK/US SME lending platform with broader product portfolio and institutional funding; serves a larger SME borrower base with similar instant-decision lending model.
• Rabobank: Largest Dutch SME bank and dominant incumbent in MKB lending; Swishfund is positioned explicitly as an alternative to Rabobank's slower traditional SME credit process.

Emerging players

• iwoca: London-based SME lending fintech operating across the UK and several European markets with AI-driven underwriting; comparable product (flexible business credit lines), but UK/DE-led rather than Dutch.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/swishfundnl

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Swishfund