This strategic partnership allows restaurants and stores working with Bolt Food to access finmid's embedded lending services directly through the platform. Over 99% of active partners in the launch region are already pre-approved.

Funds of up to €30,000 can be transferred within 24 hours, and financing can be extended to €200,000 upon request. Repayments are based on a flexible model tied to income, with partners repaying a fixed percentage of the revenue they generate through the Bolt Food platform each month. 

"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," said 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."

This partnership is the latest step in finmid's rapid European expansion, with its infrastructure now available in over 20 European markets.