Banxware and Rabobank make short-term financing more accessible

3 augustus 2023 11:02

Banxware, a German Fintech, and Rabobank, the biggest financier of SMEs in the Netherlands, announced a new partnership at Money2020, aimed at making short-term financing more accessible for small and medium-sized entrepreneurs (SMEs). To make this easier Banxware offers an Embedded Lending solution in cooperation with Rabobank. Together they will bring financing options to popular digital business platforms enabling entrepreneurs to apply for short-term financing within 15 minutes.

By joining the state-of-the-art servicing capabilities and platform connections of Banxware with the knowledge, fundsand risk management capabilities of Rabobank, entrepreneurs will have new ways to access the financing they need. The partnership will introduce the option to apply for a loan within the digital environments that entrepreneurs use every day, such as e-commerce platforms, bookkeeping software and purchasing- and logistical platforms. The focus will be on the home-markets of the partners with the option to further internationalize in the future.

The partnership will enable entrepreneurs to access the short-term financing they need, easily and responsibly. Applying for a loan can be as quick as 15 minutes, and after approval the cash can be within the entrepreneur’s bank account within 24 hours. Managing the finances is made easy, with flexible repayments and an insightful dashboard.

As a cooperative bank, Rabobank has been a partner for small and medium businesses since its founding. Innovation as always been an integral part of its heritage. This partnership is another example of how Rabobank builds upon this legacy. Thomas Horn, Lead Strategy Embedded Lending, at Rabobank: “Making short-term financing more accessible allows SMEs, and the economy at large, to flourish. A recent analysis showed that SMEs with short-term financing grow 2.2 times faster than those without. Over many years we have built a reliable model to determine credit worthiness, proving that accessibility and due diligence don’t have to be at odds with each other.”

The partnership with Rabobank enables Banxware to scale up it services and reach. Miriam Wohlfarth, CEO at Banxware: “This partnership brings Embedded Financing products tailored to the need of SMEs to popular business platforms. Together with Rabobank we now provide the full financing supply chain, including funds and end-to-end loan management to bridge cash flow shortfalls before they become an issue. I am very proud that Banxware is taking the first step towards internationalization in cooperation with a trusted partner like Rabobank”.