Tallinn-based fintech startup Hoovi has secured €8 million through a structured bond issue from Finnish Multitude International Bank to strengthen its financial position and expand its services. Hoovi provides leasing, factoring, BNPL services, credit lines, and secured loans tailored for small and medium-sized enterprises. The new funding will support the company’s plans to expand its commercial leasing and integrated financing offerings, with a goal of increasing its loan portfolio to €15.5 million and capturing 30% of the market by the end of 2025.
Founded in 2018, Hoovi is a fintech company specializing in financial solutions tailored for small and medium-sized enterprises (SMEs). The company offers a range of services, including leasing, factoring, “buy now, pay later” (BNPL) options, credit lines, car loans, secured loans, and refinancing solutions.
Hoovi differentiates itself by providing flexible financing options that go beyond traditional banking requirements, considering the specific needs of different industries. With a focus on commercial leasing and integrated financial products, the company aims to simplify access to capital for SMEs, supporting their growth and operational stability in an evolving financial landscape.
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Read the orginal article: https://arcticstartup.com/hoovi-raises-e8-million/
