For years, local bank branches knew their small business customers by name. Today, the small business financing gap in Europe sits at €400 billion. Max Schertel co-founded finmid on the belief that this relationship can be rebuilt through the platforms small businesses already rely on daily. In this Founder’s Story, he unpacks why data and distribution are the real barrier to solving SMB lending, the hard lessons of building lending infrastructure across Europe, and why the next chapter of SMB lending will not be written by banks.
