Wealthon, a Warsaw-based startup which provides financial support to SMEs and offers tools for entrepreneurs, has secured €11.5 million in debt financing (PLN 50 million) from funds managed by CVI Dom Maklerski. The investment will be used to scale up the business, develop financial products, and expand the business. The company shared the investment details with AIN.

About Wealthon

  • Founded in 2018, the company provides its flagship product, the Wealthon POSCASH loan. It’s a proprietary scoring system that examines the customer’s creditworthiness and issues an automatic decision in a revolutionarily short time. The repayment amount depends on the daily turnover at the payment terminal. Wealthon claims this makes receiving additional financial support even possible for businesses with seasonally dependent income.
Aleksander Majchrzak and Aleksander Przetakiewicz. Image: Wealthon
Aleksander Majchrzak and Aleksander Przetakiewicz. Image: Wealthon
  • In May this year, the startup cooperated with IdoSell resulted in the creation of financing dedicated to e-commerce stores. According to Wealthon, its POSCASH e-commerce loan is a solution that addresses the current challenges of the domestic e-commerce market.

Investment details

The transaction between CVI Dom Maklerski fund, an independent investment company operating since 2012 and managing portfolios for 11 investment funds with a total AUM of 800 million, and Wealthon was overseen by law firm Juzala Salwa.

I would like to thank our business partners, in particular CVI Dom Maklerski, thanks to whom we are moving closer to market leadership with every quarter. The financing obtained confirms confidence in our strategy and the operational stability of Wealthon. It will enable us to further enhance the quality of our products. We are finalising the implementation of a comprehensive ecosystem of tools and services, which will be a unique solution on the Polish market,

Aleksander Majchrzak, CEO of Wealthon, says.

With the fresh funding, Wealthon will be able to expand its range of products, continue to develop technology and respond to the growing demand of the SME market for fast and convenient forms of financing.