Finmid and myPOS Launch Embedded Lending for Italian Merchants

Eligible myPOS users can secure funding without navigating traditional bank hurdles, with approved capital reaching their accounts within 48 hours. The service allows business owners to utilize funds for equipment, inventory, or cash flow management, with repayment schedules linked directly to their revenue. Finmid provides the underlying infrastructure, covering underwriting, compliance, and capital allocation.

Alessandro Bocca, Country Manager for Italy at myPOS, noted that traditional finance has historically failed to meet the speed and flexibility required by local businesses. Max Schertel, co-founder and CEO of finmid, described Italy as a complex but high-potential market, emphasizing that this collaboration removes working capital as a primary barrier to growth for small and medium-sized enterprises.