SME Finance

What SME Finance does

SME Finance UAB is a Lithuanian non-bank fintech founded in 2016 that provides digital B2B financing to small and medium-sized enterprises. The company operates the smeGo platform, an AI-powered integrated digital financing hub accessible via web and mobile app, which it uses to underwrite and disburse invoice financing (€5,000 to €5,000,000), business loans (including agricultural and green-loan variants), revenue-based financing for digital businesses, Flexi financing, and a full leasing suite delivered through its wholly owned subsidiary SME Finance Leasing UAB. Underwriting is supported by an in-house AI-based creditworthiness assessment engine that integrates with external credit data providers (Credit Info, Nordigen for open banking) and three major trade credit insurers (Atradius, Euler Hermes, Coface), enabling financing decisions within one business day.

The company monetizes primarily through transaction fees on invoice, flexi, and revenue-based financing (e.g., €81 fee on a €10,000 one-month invoice) and through lease and loan economics on its lending and leasing products, with pricing referenced to EURIBOR plus a take rate. Go-to-market is digital-first and self-serve via smeGo, supplemented by an API-enabled embedded finance channel and partnerships with e-commerce platforms such as Pigu.lt. The company currently operates in five markets — Lithuania, Latvia, Estonia, Finland, and the Netherlands — and has publicly disclosed expansion plans for Germany, Spain, Belgium, Poland, Italy, and Austria. Customer count exceeds 3,000 across Europe with cumulative funded volume above €1.4 billion.

SME Finance is a privately held company with no public listing or disclosed parent. Its primary wholesale funding partner is Fasanara Capital, which extended a €100 million facility in 2022 and expanded cumulative financing to €240 million by 2023; the European Investment Fund and Invega also provide institutional backing. The firm employs 51–100 people, is headquartered in Vilnius, and holds a single primary entity (SME FINANCE, UAB) in Lithuania with a wholly owned operating subsidiary for leasing. Revenue is not publicly disclosed, and the business model depends on continuous access to wholesale funding facilities to scale lending volume.

Name

SME Finance

Legal name

SME FINANCE, UAB

Website

https://smefinance.eu

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

SME Finance is a Lithuanian non-bank fintech operating the AI-powered smeGo platform, providing digital invoice financing, business loans, revenue-based financing, and leasing solutions to SMEs across five European markets.

Ownership category

akta.pro rank

Product category

SME Lending / Alternative Business Financing

NAICS

Other Nondepository Credit Intermediation (52229)

SIC

Short-Term Business Credit Institutions (6153), Finance Lessors (6172)

akta.pro primary industry

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)

akta.pro secondary industries

SME Lending & Working Capital Platforms (FSAGAJAA), SME Term Loans & Growth Capital (FSAKAGAB), Equipment & Asset Finance (SME) (FSAKAGAF), SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH)

Keywords

• SME digital lending
• Invoice financing
• Revenue-based financing
• Business loan services
• Embedded finance API

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Invoice/Account Financing: Provides immediate liquidity against unpaid invoices, with fees charged when customer pays
2. Business Loans: Traditional term loans for business needs including agriculture and green initiatives
3. Flexi Financing: Flexible financing solutions tailored to individual business needs
4. Revenue-Based Financing: Financing tied to business revenue for digital businesses and startups
5. Leasing Services: Commercial vehicle, automobile, equipment, and agricultural/forestry/construction machinery leasing through SME Finance Leasing subsidiary

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

SME Finance provides digital B2B non-bank financing for small and medium-sized businesses through its AI-powered smeGo platform. The offering includes invoice financing (€5,000–€5,000,000), revenue-based financing for digital businesses, business loans (including green and agricultural variants), Flexi financing, and commercial leasing via SME Finance Leasing subsidiary. Applications are submitted online or via mobile, with financing decisions delivered within one business day, and financing services can also be embedded into third-party platforms via API.

Product overview

SME Finance operates as a non-bank B2B financing provider offering a unified digital platform called smeGo for all financing solutions. The product portfolio includes invoice financing (sąskaitų finansavimas) ranging from €5,000 to €5 million, revenue-based financing powered by AI for digital businesses and startups, traditional business loans with specialized variants for agriculture and green initiatives, and Flexi financing. SME Finance Leasing subsidiary provides commercial vehicle, automobile, and equipment leasing services. Additional value-added services include creditworthiness reports and insurance limits. The smeGo platform serves as the central hub integrating all products, accessible via web and mobile application, operating in Lithuania, Latvia, Estonia, Finland, and the Netherlands.

Differentiator

Problem solved

Functional benefit

Brands

• smeGo: AI-powered digital financing platform offering business loans, invoice financing, flexi financing, revenue-based financing, and leasing services for SMEs

Products and services

• smeGo Digital Financing Platform

Quantifiable outcome

• Financing decisions within 1 business day
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• AtradiuscoreTechnology or IntegrationCredit insurance partner providing risk coverage and creditworthiness assessment capabilities.
• Euler HermescoreTechnology or IntegrationCredit insurance partner providing risk assessment and trade credit insurance solutions.
• CofacecoreTechnology or IntegrationCredit insurance partner providing credit risk assessment and insurance services.
• Pigu.ltcoreStrategic or Co-development PartnerE-commerce partnership to ease financing for online sellers. Collaboration to provide integrated financing solutions for e-commerce businesses.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Stenn: UK-based fintech providing invoice financing and trade finance to SMEs globally. Direct competitor in invoice financing and same revenue model (transaction fees).

Direct peers

• Liberis: UK-based revenue-based financing and embedded finance platform for SMEs. Directly comparable in revenue-based financing product and embedded finance/API strategy.
• Marketinvoice (MODULR / Artificial Labs): UK-based invoice financing and working capital platform for SMEs. Direct competitor in invoice discounting — a core SME Finance product.
• iwoca: London-based fintech providing flexible financing (loans, revenue-based) to SMEs via a digital platform. Directly comparable in target customer (SMEs), product mix (small business loans, revenue-based financing), and e-commerce/embedded lending focus.
• CapitalBox: Lithuanian-owned fintech operating across Europe offering working capital loans and revolving credit to SMEs. Operates in similar geography and product category (SME business loans, lines of credit).
• Wayflyer: Dublin-based revenue-based financing platform for e-commerce and digital SMBs. Direct competitor in SME revenue-based financing with similar AI-driven underwriting and target customer profile.

Regional players

• Bigbank: Estonian-headquartered European bank specializing in SME lending, leasing, and consumer credit. Comparable in Baltic origin, SME lending, and equipment leasing offerings.
• Bondora: Estonian-based online lending platform operating across Europe. Comparable in Baltic/Nordic origin and European SME/consumer lending focus.

Broad incumbents

• OakNorth Bank: UK-based commercial bank focused on SME lending across Europe. Larger, established fintech-bank with overlapping target market and proprietary credit underwriting tech.
• Funding Circle: Publicly-listed UK SME lending platform (originally P2P, now balance-sheet). A larger, established player in the European SME lending space with overlapping product offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights8 records

Customer concentration

• Facebookfacebook.com/SMEFinanceLT

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 SME Finance