Glovo, one of the leading multi-category platforms operating across Europe, Central Asia, and Africa, has partnered with finmid, a fast-growing embedded finance infrastructure provider, to deliver instant lending solutions to small and medium-sized enterprises (SMEs) on the Glovo platform.
Now live in Spain, Portugal, and Poland, the partnership gives eligible merchants direct access to cash advances without leaving the Glovo platform. These funds can be used for a range of growth initiatives—including purchasing new equipment, making renovations, improving cash flow, expanding marketing efforts, and more.
Seamless Financing Powered by Real-Time Data
finmid handles all verifications and credit checks through its seamless API integration, using real-time transaction and performance data to assess eligibility. Unlike traditional lenders, merchants do not need to fill out lengthy forms or face slow approval processes. Once approved, funds are typically disbursed within 24 hours.
This streamlined process has made it easier than ever for small businesses to secure funding when they need it most.
Proven Results: Boost in Sales and Satisfaction
Merchants using finmid-powered financing are already seeing results. On average, businesses that take advantage of the cash advance solution experience up to a 20% increase in sales—growth that would have been difficult to achieve without accessible capital.
The program has earned an impressive Net Promoter Score (NPS) of 88, reflecting strong satisfaction among participating businesses.
“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 funds to buy new compliant equipment. We also invested in a specialty grill and built a new website—projects originally planned for 2026.”
A Growing Ecosystem of Embedded Lending
Glovo joins finmid’s expanding portfolio of platform partners leveraging its all-in-one embedded lending infrastructure. Founded in 2021 by Max Schertel and Alexander Talkanitsa, both former N26 employees, finmid now operates in 20 countries, helping B2B platforms unlock new revenue and build deeper customer relationships.
Ferran Casulleras, Global Commercial Senior Director at Glovo, said:
“At Glovo, we are committed to helping local businesses grow. Many SMEs—especially restaurants—face cash flow issues, and this partnership gives them a fast, efficient way to invest in their future. The early feedback has been excellent, and we’re excited to scale this offering to even more markets.”
Max Schertel, Co-founder of finmid, added:
“Glovo has earned the trust of thousands of local businesses. Our goal is to turn that trust into real financial opportunity—fast, fair, and embedded where it matters most. These early results show what’s possible, and we’re excited to expand this impact even further.”
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