Local Commerce Platform Wolt Introduces New Service: Wolt Capital

Local commerce platform Wolt has announced the launch of its new service providing fast and simple additional financing for merchants, Wolt Capital. 

The new solution is tailored to small businesses, such as restaurants, which sometimes require quick access to capital to maintain operations and secure investment in future growth. 

Small business costs are often unexpected. A restaurant, for example, requires capital investment to cover unexpected expenses, kitchen renovations, new storefront openings and fluctuations in typical operating costs. 

Wolt: Adapting services to meet client needs

In launching Wolt Capital, the local commerce company has taken client needs on board to deliver a service that can better support SMEs in need of instant access to capital. 

Edward Daka, Product Lead, Banking & Payouts at Wolt says: “We are always listening to our partners and adapting our services and offerings to meet their needs. Fast and simple access to capital has regularly come up in our talks with merchants. 

“That’s why today, we’re excited to introduce Wolt Capital. This initiative is designed to support the success and growth of merchants, giving them the opportunity to access transparent financing.”

SMEs that rely on traditional financing options are often at the mercy of stringent regulations and requirements that banks must manage, which can leave small businesses unable to access the immediate capital they require. 

Wolt Capital changes this dynamic by offering revenue-based finance to merchants with a proven sales record on the Wolt platform. This financing can be used for various business needs, including purchasing equipment, marketing, rent, hiring, payroll and more.

Nezir Giray of Ismet Jätkäsaari, a popular Finnish restaurant and Wolt client, says: “My experience with Wolt Capital has been positive and I am grateful for the support I have received for my business. Its flexibility and fast and efficient process make it a valuable financial tool for entrepreneurs like me.” 

How Wolt Capital works

But how does Wolt Capital work, and how are funds seamlessly delivered to Wolt clients? The new service is made possible thanks to Wolt’s partnership with Finmid, a financial infrastructure provider.