Glovo and finmid Partner to Offer Instant Lending Products to 70,000 Local Businesses

Glovo, one of the leading technology platforms across Europe, Central Asia, and Africa, has partnered with finmid, the all-in-one infrastructure provider for financing, to bring instant, personalized capital offers to Small and Medium-sized Businesses (SMEs) using the Glovo platform.

Through this partnership, now live in Spain, Portugal, and Poland, eligible merchants can access a cash advance from within the Glovo platform. They can use the funds to scale their business in whichever way they choose. Whether buying equipment, renovations, freeing up cash flow, investing in marketing, and more.

All verifications and credit checks are handled by finmid, via its seamless platform integration, and are made using real-time transaction and business performance data. Merchants then receive funding in 24 hours without the need to go through the usual lengthy forms, low approval rates, and slow payment cycles compared when dealing with other traditional financing providers.

Immediate impact

On average, merchants who receive financing via the finmid integration see an up to 20% uplift in sales – sales that would not have been possible without the financing.

Since going live, the product has achieved a high Net Promoter Score of 88, reflecting strong satisfaction from businesses who value faster access to capital, a seamless experience, and a product tailored to their unique business needs.

“The cash advance process was very quick and straightforward, which we are not used to seeing these days,” said Laura from Art Na Brasa (Braga, Portugal). “Food safety regulations in Portugal are constantly changing and we used part of the advance to purchase new equipment to comply with new regulations. Furthermore we were able to invest in a new specialty grill and a website, investments that were planned for 2026 only.”

Growing traction

Glovo is the latest partner to join finmid’s growing roster of platforms. Founded in 2021 by former N26 employees Max Schertel and Alexander Talkanitsa, the embedded finance infrastructure leader is now live in 20 countries, and is helping its B2B software platforms unlock new revenue streams and strengthen customer relationships through its all-in-one embedded lending products.

Ferran Casulleras, Global Commercial Senior Director at Glovo, said: “At Glovo, we are dedicated to empowering small local businesses to thrive by providing seamless access to financing solutions. We often see that SME restaurants face cash flow challenges, and this is a highly effective tool to help them overcome that barrier. Through our partnership with finmid, we are making it easier for them to invest in their growth, stay resilient, and feel supported by a partner that understands their day-to-day challenges. With already positive results on our partners, we are looking forward to expanding the programme further.”

Max Schertel, Co-founder of finmid, said: “Glovo has built trusted relationships with thousands of small businesses. Our infrastructure helps turn that trust into meaningful financial access – faster, fairer, and embedded where it’s needed most. These early results show how powerful that combination can be for all involved. We are excited to deepen our partnership and unlock financial access for thousands more businesses across more markets.”