Wolt Capital financing service goes live for merchants in Sweden, Poland, Finland and Denmark following pilot

Finnish delivery company, Wolt, has announced the launch of Wolt Capital, a new service promising fast and simple access to additional financing for merchants.

It is partnering with finmid to offer this.

Edward Daka, Product Lead, Banking & Payouts at Wolt, says: “We are always listening to our partners and adapting our services and offerings to meet their needs. Fast and simple access to capital has regularly come up in our talks with merchants.”

“That’s why today, we’re excited to introduce  Wolt Capital. This initiative is designed to support the success and growth of merchants, giving them the opportunity to access transparent financing.”

Wolt claims that traditional bank financing often has stringent requirements that leave many entrepreneurs without options.

Wolt Capital addresses this by offering revenue-based transparent financing to merchants with a proven sales record on the Wolt platform. This financing can be used for various business needs, including purchasing equipment, marketing, rent, hiring, and payroll.

“My experience with Wolt Capital has been positive and I am grateful for the support I have received for my business. Its flexibility and fast and efficient process make it a valuable financial tool for entrepreneurs like me,” says Nezir Giray of Finnish restaurant Ismet Jätkäsaari.

During a pilot, over a hundred Wolt merchants utilised Wolt Capital for various needs.

Daka says: “With Wolt Capital, we aim to provide our partners with an accessible financing option, helping them invest in their future growth. We will continue to develop products and services that strengthen our merchant community and ensure their continued success.”

“While we are constantly evaluating new markets, Wolt Capital is now available to all eligible restaurants in Sweden, Poland, Finland and Denmark.”