Latvia live as Bolt Food Finance launches in tie up with finmid and focuses on SMEs across Europe

Delivery platform Bolt Food has partnered with financial infrastructure firm finmid to launch Bolt Food Finance - a programme pitched at small and medium-sized businesses.

Now live in Latvia - with plans to expand to more of Bolt Food’s countries and cities in phases - restaurants and stores can access finmid’s embedded lending via the Bolt Food platform. Offers can be accepted online, and over 99% of active partners in the launch region are already pre-approved. Funds of up to €30,000 can then be transferred within 24 hours, or financing can be extended to €200,000 on request. 

These funds can be used to meet any business need, including equipment upgrades, renovations, hiring, or marketing, and repayments follow a flexible model tied to income. Each month, partner restaurants repay a fixed percentage of the revenue they generate through the Bolt Food platform.

“Our goal is to make capital available where and when it’s needed most – instantly, transparently, and embedded seamlessly into the platforms businesses already use,” says Max Schertel, Co-founder at finmid.

“Our latest partnership with Bolt Food expands our reach across even more of Europe to markets that other embedded lending providers would typically overlook. By increasing competition, we are raising the quality of merchant financing offering across the region. Together, we’re giving restaurants the ability to secure financing they need to scale in seconds, not weeks - with no paperwork and no friction.”

“More than half of our platform partners are small and medium-sized businesses. We understand that accessing growth capital can be a challenging process, which is why we’ve introduced the Bolt Food Finance programme to help these companies overcome obstacles,” says Jānis Rimicāns, Bolt Food Country Manager in Latvia.

“Whether it’s renovating premises, covering unexpected expenses, adapting to seasonal demand, or investing in marketing – our partners in Latvia now have access to a simple, fast, and flexible financing solution.”

“In addition to this new financing solution, restaurants and stores on our platform can take advantage of Bolt Food marketing tools, which enable them to reach the entire Bolt Food customer base,” adds Jānis Rimicāns, Bolt Food Country Manager in Latvia. “Our analytics tools also provide valuable insights into customer trends, helping partners make data-driven decisions and adapt to changing consumer needs.” 

Bolt Food has been operating in Latvia since 2020. It provides food and grocery delivery services in 12 cities across the country. 

2025 RTIH INNOVATION AWARDS

Food delivery will be a key focus area at the 2025 RTIH Innovation Awards.

The awards. which are now open for entries, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter.

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering. 

For further information on the 2025 RTIH Innovation Awards, please fill in the below form and we will get back to you asap.