Bolt Food Launches Bolt Food Finance in Partnership with Finmid, Bringing Fast, Flexible Capital to Thousands More SMBs Across Europe

Delivery platform Bolt Food has partnered with financial infrastructure innovator finmid to launch Bolt Food Finance – a program aimed at helping small and medium-sized businesses quickly and easily access funds they need to grow.

Now live in Latvia – with plans to expand to more of Bolt Food’s countries and cities in coming phases – restaurants and stores can access finmid’s embedded lending via the Bolt Food platform. Offers can be accepted online in just three clicks, 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 unique, flexible model tied to income. Each month, partner restaurants repay a fixed percentage of the revenue they generate through the Bolt Food platform. This gives partner restaurants better control over cash flow and means repayments correlate with business performance.

European momentum

This strategic partnership marks the latest step in finmid’s rapid European expansion, with the infrastructure now available in over 20 European markets. Restaurants using finmid-powered financing report up to a 45% increase in revenue within six months, and more than 80% return for additional funding. The solution also boasts an NPS of over 80, reflecting strong satisfaction from businesses who value speed, clarity, and control. 

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

“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 program to help these companies overcome obstacles. 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,” says Jānis Rimicāns, Bolt Food Country Manager in Latvia.

Bolt Food Finance is the latest solution the company offers to support partner growth as part of its broader mission of “making better cities for people, not cars”, positioning Bolt Food as not just a delivery service, but also a driver of local economic value. 

“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 major cities across the country.