Alternatives to Finloup

SumUp

🇩🇪 Germany

SumUp is Europe's answer to the merchant services problem: a scrappy fintech that turned point-of-sale payments into something actually accessible. While legacy payment processors still treat small businesses like second-class customers, SumUp built hardware and software that work together seamlessly, letting anyone from a street vendor to a café owner accept cards in minutes, not months. The company started by selling cheap card readers—simple, elegant devices that plugged into phones. But that was just the wedge. Today SumUp offers a stack: card readers, invoicing, basic accounting, and increasingly, working capital tools. It's the financial operating system for the SME who doesn't want to negotiate with a relationship manager. What sets SumUp apart in Europe is its refusal to stay in the payments lane. Most competitors eventually build one feature and call it a day. SumUp keeps layering—acquiring merchant acquirer licenses, launching its own acquiring infrastructure in key markets, adding payment links and e-commerce solutions. The company operates across Western Europe and beyond, working with hundreds of thousands of merchants who are too small for traditional banking but too important to ignore. SumUp represents the practical, unglamorous evolution of fintech: it's not trying to reinvent banking or blockchain. It's solving the cash flow problem for people who actually run businesses. That's a bigger opportunity than it sounds.

Founded 2012

Kontomatik

🇵🇱 Poland

Kontomatik provides open banking data and credit decisioning tools.

Founded 2009

Lendable

🇬🇧 United Kingdom

Lendable sits at the intersection of institutional finance and algorithmic credit. It's a platform that connects alternative lenders—think peer-to-peer platforms, fintechs, and non-bank lenders—with institutional capital markets. Rather than originating loans itself, Lendable acts as a market infrastructure layer, securitizing consumer and SME loan portfolios and selling them to institutional investors hungry for yield in an era of low rates. The company essentially democratized access to capital markets for non-traditional lenders. Before Lendable, a mid-sized P2P lender or online SME lender couldn't easily tap into the deep-pocketed institutional buyers that banks routinely access. Lendable changed that by building the plumbing—origination APIs, portfolio management tools, and securitization infrastructure—that lets alternative lenders scale without warehousing risk on their own balance sheets. In the European fintech landscape, Lendable represents a specific but growing category: the infrastructure play that enables other fintechs to thrive. It's not a consumer app; it's the backbone that lets consumer-facing lenders actually fund their ambitions. The platform has processed billions in loan assets and works with some of Europe's most recognizable fintech names. Lendable's role in the broader ecosystem is that of a bridge—connecting the new world of distributed lending with the old world of institutional capital. It's quietly important infrastructure, the kind of thing that doesn't grab headlines but fundamentally reshapes how credit flows.

Founded 2013

Mitigram

🇸🇪 Sweden

Mitigram digitizes trade finance workflows for corporates and financial institutions.

Founded 2014

Krea

🇸🇪 Sweden

Krea helps Swedish businesses compare and access financing offers.

Divilo

🇪🇸 Spain

Divilo is building the infrastructure for European businesses to manage their international payroll at scale. Rather than juggling multiple vendors across different countries—payroll processors here, compliance specialists there, currency brokers elsewhere—Divilo consolidates the entire stack into one operating system. The platform handles everything from local employment law compliance to multi-currency payments, tax filing, and benefits administration across the continent. For HR teams and CFOs wrestling with the complexity of expanding internationally, it's a rare case of genuine consolidation rather than another bolted-on layer. The European payroll market remains fragmented by design—local rules, tax codes, and banking infrastructure mean there's no true continental standard. Divilo is attacking this head-on with a unified API and dashboard that speaks to both the technical and operational reality of cross-border employment. It's the kind of infrastructure play that sounds boring until you realize how much operational friction it removes for companies thinking beyond their home market.

Founded 2021

Belvo

🇪🇸 Spain

Belvo is a fintech infrastructure company that lets developers tap into Latin American banking data without building a single integration. The platform connects to thousands of banks and financial institutions across Mexico, Brazil, Colombia, and Peru, unlocking account balances, transaction histories, and identity information through a single API. Rather than forcing developers to chase down fragmented banking systems, Belvo standardizes chaotic regional financial infrastructure into clean, predictable data flows. Its core insight is simple: Latin American fintech is drowning in bank connectivity work when it should be building products. Belvo solves that. The platform serves fintechs, neobanks, and traditional financial institutions looking to modernize lending decisions, open banking integrations, and embedded finance experiences. Think of it as the connective tissue between fractured regional banking systems and the apps that need to run on top of them. By abstracting away the complexity of working with hundreds of different bank APIs and connection methods, Belvo has become the standard for financial data aggregation in a region where banking infrastructure is anything but standardized. It's the kind of boring-but-essential infrastructure that powers smarter lending, faster onboarding, and new financial products across Latin America.

Founded 2019

Mambu

🇩🇪 Germany

Mambu is a cloud-native banking software platform that lets financial institutions and fintechs launch and operate lending and deposit products without building from scratch. Rather than forcing customers into rigid legacy systems, Mambu provides composable banking infrastructure—modular APIs and pre-built components that work together or stand alone, depending on what you actually need. The company sits at the intersection of two fintech realities: traditional banks are drowning in outdated core systems that can't keep pace with market demands, while new lenders and neobanks need speed without sacrificing compliance or scale. Mambu's approach is to be the operating system underneath, handling the heavy lifting of loan origination, deposit management, portfolio servicing, and regulatory reporting while letting clients focus on customer experience and product innovation. What makes Mambu different from other core banking platforms is its emphasis on velocity. Institutions deploy in weeks rather than years. The platform is genuinely modular—you can pick the lending module, the deposit module, or both, and layer in third-party services through APIs. This flexibility has resonated with everyone from African microfinance networks to European challenger banks to enterprise lenders managing complex credit products. Mambu is now a critical piece of infrastructure in the emerging markets fintech ecosystem, particularly across Africa and Asia, where it powers lending operations for hundreds of financial institutions. In Europe, it's carved out space among mid-market and challenger banks looking to avoid the capital expenditure and technical debt of legacy systems. The company represents a broader shift in fintech: away from end-to-end platforms that claim to do everything, toward specialized infrastructure that does one thing—backend financial operations—exceptionally well.

Founded 2011

OneFor

🇬🇧 United Kingdom

OneFor is a European fintech platform that reimagines how SMEs access and manage working capital. Rather than treating finance as a transactional afterthought, OneFor embeds cash flow tools, invoice financing, and dynamic credit solutions directly into the workflows where small business owners actually work. The platform pulls together accounts data, payment history, and real-time transaction flows to offer instant access to capital without the friction of traditional bank applications. What sets OneFor apart is its positioning as a cash flow operating system rather than just another lending product. It serves companies that traditional banks have largely abandoned—the messy middle of European small business—by automating the visibility and accessibility of working capital. While legacy banks still demand spreadsheets and weeks of underwriting, OneFor delivers decisions in hours using behavioral data and API connections to accounting software. The company operates across Western Europe with particular traction in the UK and Nordics, building a loyal following among founders who've grown tired of juggling multiple finance tools. Its integration-first approach means OneFor sits comfortably alongside existing business software stacks, making it feel less like switching banks and more like upgrading your CFO's toolkit. In a crowded SME finance space, OneFor's bet is that speed, transparency, and embedded simplicity will ultimately win over traditional lending relationships.

Founded 2020

Wayflyer

🇮🇪 Ireland

Wayflyer is an Irish fintech that solves a peculiar problem in e-commerce: founders who sell online often can't access the capital they need because traditional banks don't understand their business model. The company uses real-time sales data from platforms like Shopify and Amazon to underwrite credit decisions in minutes rather than months, offering flexible funding with repayment terms tied directly to daily revenue. What makes Wayflyer different is its willingness to lend to merchants that legacy finance overlooks—lower-revenue sellers, newer businesses, international operators. While traditional lenders fixate on collateral and personal credit scores, Wayflyer looks at transaction flows, growth trajectory, and actual business performance. The underwriting is algorithmic, the approval is fast, and the cost is transparent. You don't need perfect credit or three years of accounts. You need sales data. In the crowded world of e-commerce financing, most players focus either on micro-loans or venture-scale rounds. Wayflyer operates in the messy middle—typically funding between €5,000 and €500,000 for merchants generating €30,000+ monthly revenue. It competes with Shopify Capital in North America but has built particular strength across Europe, where merchant fragmentation is higher and credit access more constrained. The company represents a broader shift in fintech: away from point solutions toward platforms that integrate data, credit decisioning, and cash flow management. Wayflyer isn't just lending; it's becoming infrastructure for the digital commerce economy, particularly for the thousands of small sellers who power e-commerce but remain invisible to traditional finance.

Founded 2017

October

🇫🇷 France

Lending to European SMEs across multiple national markets is genuinely difficult — different regulatory regimes, different credit bureau infrastructures, different cultural attitudes toward debt that vary significantly between France, Germany, Italy, Spain, and the Netherlands. October was founded in Paris in 2014 (originally as Lendix) to build a Pan-European SME lending platform that could navigate that complexity, providing credit to small and medium-sized businesses across multiple European markets through a single platform. Its model combines retail and institutional capital, lending to creditworthy SMEs with proprietary underwriting that adapts to the specific data and regulatory environments of each market. October has built operations in France, Spain, Italy, the Netherlands, and Germany, becoming one of the few genuinely Pan-European SME lenders rather than a single-market platform with international ambitions. Its founder Olivier Goy is one of the more recognisable figures in French fintech, and the company's evolution — from retail P2P origins to institutional and government partnership funding — mirrors the broader maturation of European alternative SME lending. In a European market where SME credit infrastructure remains fragmented along national lines, October represents one of the more successful attempts to operate genuinely across borders.

Founded 2014

Mokka

🇷🇴 Romania

Mokka is a Romanian fintech platform built for the modern seller. Rather than forcing merchants into the rigid infrastructure of traditional payment processors, Mokka gives them a unified dashboard to manage payments, invoicing, and business basics from one place. The platform handles card payments, digital wallets, and local payment methods—all wired into a clean, merchant-friendly interface that feels less like enterprise software and more like something designed for actual humans. For Romanian SMEs and freelancers tired of juggling multiple logins and opaque fee structures, Mokka offers transparency and control that legacy banking and payment gateways simply don't provide. It's part merchant acquirer, part business backbone—a practical response to how payment infrastructure in Central & Eastern Europe still lags behind Western standards. Mokka sits at the intersection of embedded finance and merchant enablement, serving businesses that want payment functionality without the complexity.

Founded 2020