Copenhagen-based Moneyflow, an embedded fintech startup, announced on Wednesday, August 31, that it has raised €250M in a debt financing agreement with Banking-as-a-Service (BaaS) provider Aion Bank.
Wojciech Sass, CEO of Aion Bank, says, “We believe the best banking products and services should be accessible to everyone, and Moneyflow is doing exactly that for SMEs. The goal of our BaaS business is to enable brands, retailers and fintechs like Moneyflow to embed financial services that help drive new innovation. We are excited to help the Moneyflow team accelerate their growth that will result in more businesses getting paid faster.”