myPOS and finmid partner to unlock funding for merchants in Italy

SME Financing Gap

€3 billion

The size of the financing gap for SMEs in Italy that the partnership aims to address.

Sales Uplift

up to 45%

The potential increase in sales for merchants accessing financing from finmid.

NPS Score

80+

The Net Promoter Score for merchants who have accessed financing through finmid.

§ 01 Executive Snapshot

What: myPOS and finmid have partnered to provide fast funding solutions for merchants in Italy.
Who: myPOS, finmid, and their respective executives Alessandro Bocca and Max Schertel.
Why it matters: This partnership aims to address Italy's €3 billion SME financing gap, facilitating easier access to capital for small businesses.

More than thousands of merchants across Italy can now access personalized, pre-approved financing offers via the myPOS platform.
Funds from accepted offers are available within 48 hours, allowing merchants to use the capital for various growth needs.
finmid has already assisted over 150,000 underserved businesses across 30+ European markets in accessing working capital.

Italy has a complex regulatory environment for business lending, contributing to one of the largest SME financing gaps in Europe, affecting 4.9 million small businesses.
The partnership represents a shift toward embedded finance solutions, making capital access faster and more flexible for merchants who previously relied on traditional banks.

The partnership could significantly enhance the competitive landscape for SME financing in Italy, providing a viable alternative to traditional banking.
Long-term, this initiative may lead to increased sales and growth for merchants, potentially uplifting sales by up to 45% for those accessing funding.

The regulatory complexities in Italy may still pose challenges for the scalability of embedded lending solutions.
Competition from traditional banks and other fintech firms could limit market penetration for the new financing options.

Future developments to monitor include the uptake of financing by myPOS merchants and the overall impact on the SME financing gap in Italy.
The response from traditional banks and other fintech players in the market will indicate the competitive dynamics following this partnership.

§ 07

What is the partnership between myPOS and finmid about?

The partnership aims to provide fast funding solutions for merchants in Italy, addressing the €3 billion SME financing gap.

How quickly can merchants access funds through this partnership?

Merchants can access funds from accepted offers within 48 hours.

Why is this partnership significant for small businesses in Italy?

It offers a viable alternative to traditional banking, potentially enhancing sales and growth for merchants.

Who are the key executives involved in this partnership?

The key executives are Alessandro Bocca from myPOS and Max Schertel from finmid.