Invesdor merges with Austria-based Finnest, wants to provide debt and equity services in Europe.

Finland Investments 20 March 2019
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Invesdor Oy, a Helsinki, Finland-based company operating an equity crowdfunding platform, announced its intentions of merging with Finnest GmbH, an Austria based Fintech company that provides debt capital to small and medium-sized firms.

Specific terms of the merger arrangement remained undisclosed. The deal was funded by shareholders which include Vienna-based VC Speedinvest F together with Taaleri Oyj, the Helsinki-based and Nasdaq-listed wealth management company and VC firm Maxfield Capital.

The new entity will be named Invesdor Group, will continue to operate under the Invesdor and Finnest brands and will be headquartered in Helsinki, with offices in Vienna, Stockholm and Bratislava.

Invesdor Group will combine the Finnish equity crowdfunding platform with an online lender serving the German speaking markets, provide investors from the Nordics access to top-rated mid-size (“Mittelstand”) companies and corporates in the German speaking markets and by allowing investors outside of Scandinavia to participate in the success of Nordic growth companies.

Invesdor, founded in 2012 and led by CEO Lasse Mäkelä, operates an online investment platform that connects Nordic companies with investors. The company claims to have 50,000 registered users, investors, both institutional and individual, from over 150 different countries, as well as a MiFID license passported to 28 European countries.

Finnest, based in Vienna and led by CEO Joerg Bartussek, is operating in the entire German speaking area, as well as in Slovakia and Croatia. Finnest specializes in financing mid-size companies.