Glovo, one of the top technology platforms in Europe, Central Asia, and Africa, has teamed up with Finmid, a one-stop financing infrastructure provider, to offer small and medium-sized businesses (SMEs) that use the Glovo platform immediate, customised capital offers. Glovo announced on Thursday.
Through this partnership, which is currently active in Portugal, Spain, and Poland, qualified merchants can use the Glovo platform to obtain a cash advance. They can use the money to scale their business as they see fit, including equipment purchases, remodelling, cash flow optimisation, marketing expenditures, and more.
How the Finmid platform operates
Finmid uses real-time transaction and business performance data to handle all credit checks and verifications through its smooth platform integration. After that, merchants get funding in a day instead of having to deal with the typical lengthy forms, low approval rates, and slow payment cycles that come with working with other traditional financing providers.
Sales for merchants who receive financing through the Finmid integration typically increase by up to 20 percent; these sales would not have been possible without the financing.
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The product’s high Net Promoter Score of 88 since launch indicates that businesses that value quick access to capital, a smooth experience, and a product that is customised to meet their specific needs are very satisfied.
“The cash advance process was very quick and straightforward, which we are not used to seeing these days,” said Laura from Art Na Brasa (Braga, Portugal). “Food safety regulations in Portugal are constantly changing and we used part of the advance to purchase new equipment to comply with new regulations. Furthermore we were able to invest in a new specialty grill and a website, investments that were planned for 2026 only.”
Glovo is the most recent partner to join Finmid’s expanding platform portfolio. Established in 2021 by former N26 employees Max Schertel and Alexander Talkanitsa, the leader in embedded finance infrastructure is currently operational in 20 countries and uses its all-in-one embedded lending products to help its B2B software platforms open up new revenue streams and improve customer relationships.
Glovo and Finmid express enthusiasm about the partnership
Ferran Casulleras, Global Commercial Senior Director at Glovo, said: “At Glovo, we are dedicated to empowering small local businesses to thrive by providing seamless access to financing solutions. We often see that SME restaurants face cash flow challenges, and this is a highly effective tool to help them overcome that barrier. Through our partnership with finmid, we are making it easier for them to invest in their growth, stay resilient, and feel supported by a partner that understands their day-to-day challenges. With already positive results on our partners, we are looking forward to expanding the programme further.”
Max Schertel, Co-founder of finmid, said: “Glovo has built trusted relationships with thousands of small businesses. Our infrastructure helps turn that trust into meaningful financial access – faster, fairer, and embedded where it’s needed most. These early results show how powerful that combination can be for all involved. We are excited to deepen our partnership and unlock financial access for thousands more businesses across more markets.”
About Finmid
Finmid is the funding system that drives platform expansion. Across borders, industries, and business models, Finmid’s API allows platforms to introduce customised financing products for their business clients at scale, increasing revenue, enhancing customer retention, and fostering the expansion of their main businesses. Europe’s most ambitious platforms trust Finmid, which was founded in Berlin in 2021 and has the support of top-tier investors.
About Glovo
Glovo is a top technology platform that links consumers, companies, and riders. It provides a variety of on-demand services from nearby eateries, supermarkets, grocers, and high street retail establishments.
Glovo, a leader in Quick Commerce, the upcoming e-commerce revolution, aims to create the biggest online marketplace so that everyone can access anything in their city in a matter of minutes. It was established in Barcelona in 2015 and now has operations in 23 European, Central Asian, and African nations.