Polish fintech Wealthon, developing an ecosystem of digital financial solutions for small and medium-sized businesses, has secured €115.5 million (PLN 531 million) in its latest funding round. The round was backed by 3TS, which provided equity funding and a group of angel investors. 4Growth VC shared the news with AIN via a press release.
About Wealthon
-
Founded in 2019 by Aleksander Majchrzak and Aleksander Przetakiewicz as a lending platform, Wealthon expanded its product portfolio to an all-in-one multi-product platform for SMEs – combining POS, lending, and payment services – which are critical solutions for streamlining operations in HoReCa (hotel, restaurant, and catering), retail, e-commerce, and other sectors.
-
The fintech company is transforming financial services for SMEs with its innovative ecosystem, offering solutions like POSCASH (financing based on payment terminal sales), WALLET (a mobile wallet for cashless transactions), and LIMIT (instant credit lines via a mobile app). It also provides a comprehensive POS system for managing sales, orders, and inventory, ideal for hospitality and retail sectors.
"We are consistently executing our strategy to create a new standard in SME financial management. We are no longer just a lending company. We are well on our way to becoming the leading provider of digital financial services for entrepreneurs. Our goal is not just to provide capital but to integrate a comprehensive multi-product platform that combines interrelated services - from easy and fast access to financing to efficient financial and business resource management. Soon, we will be adding even more complementary solutions," said Aleksander Majchrzak, founder and CEO of Wealthon.
Investment details
The round was backed by 3TS, which provided equity funding, and a group of undisclosed angel investors. The company also secured a debt financing facility with funds managed by affiliates of Fortress Investment Group.
-
3TS Capital Partners is a technology focused growth capital firm which provides expansion capital and buyout funding for small and medium-sized businesses.
-
The company invests in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services.
-
Just two days ago, the fund announced its investment in Austrian software developer MAVOCO, supporting its €11 million Series-A+ round.
“We are impressed with the quality of the management team and share their vision of becoming a regional leader for SMEs in selected high-growth industries. The market is still in the early stages of adopting such integrated solutions, yet it is large, and all sub- segments are growing rapidly,” commented Zbigniew Łapiński, Senior Partner at 3TS Capital Partners.
Wealthon plans to allocate fresh capital towards further product development and strengthening its sales network. The company is also considering acquisitions to solidify its position in selected market segments and is preparing for international expansion.
Previously AIN reported that Wealthon secured €11.5M in debt financing to boost SME support in Poland.
