Softloans: A Rising Star in the Fintech World
April 23, 2024, 3:32 pm
Softloans, a Fintech startup based in Vilnius, Lithuania, has recently secured a significant €1 million in pre-seed funding to fuel its expansion plans. Led by CEO Audrius Griškevičius, the company specializes in providing an innovative embedded revenue-based lending solution for small and medium-sized enterprises (SMEs). This funding round, led by venture capital firm Firstpick and supported by business angels, highlights the growing investor confidence in Softloans' unique approach to SME financing.
Softloans' embedded revenue-based lending solution integrates seamlessly into digital platforms like marketplaces, payment solutions providers, and aggregators, offering convenient loan options to their customers. With a focus on data collection, analytics, risk assessment, and loan management, Softloans has already partnered with 10 companies and processed data for nearly 1,000 corporate clients across multiple countries.
CEO Audrius Griškevičius expressed his confidence in the company's product, stating that the pre-seed funding will enable further technological advancements to cater to a wider range of businesses, including those utilizing POS terminals. He emphasized that Softloans' revenue-based financing solution stands out as the best lending product for SMEs in the market today, despite initial challenges in gaining acceptance from partners and customers.
Looking ahead, Softloans is poised for expansion within Lithuania and beyond, as it continues to drive growth and innovation in the Fintech sector. With a strong foundation and a clear vision for the future, Softloans is on track to become a prominent player in the global financial technology landscape.
Softloans' embedded revenue-based lending solution integrates seamlessly into digital platforms like marketplaces, payment solutions providers, and aggregators, offering convenient loan options to their customers. With a focus on data collection, analytics, risk assessment, and loan management, Softloans has already partnered with 10 companies and processed data for nearly 1,000 corporate clients across multiple countries.
CEO Audrius Griškevičius expressed his confidence in the company's product, stating that the pre-seed funding will enable further technological advancements to cater to a wider range of businesses, including those utilizing POS terminals. He emphasized that Softloans' revenue-based financing solution stands out as the best lending product for SMEs in the market today, despite initial challenges in gaining acceptance from partners and customers.
Looking ahead, Softloans is poised for expansion within Lithuania and beyond, as it continues to drive growth and innovation in the Fintech sector. With a strong foundation and a clear vision for the future, Softloans is on track to become a prominent player in the global financial technology landscape.