Paris-based fintech startup Hero has successfully raised €11.3 million in funding to improve financial solutions for small and medium enterprises (SMEs). This funding round was led by Valar Ventures, a venture capital firm backed by Peter Thiel, and SquareOne Venture Capital, who have been supporting Hero since its initial €7 million raise in 2022.
Founded in 2021 by Roland Jais-Nielsen, Hero aims to simplify financial services for small businesses in France by integrating fintech and banking solutions into a single, comprehensive platform. SMEs often struggle to find suitable financing options, as traditional banks are slow to meet their specific needs. Hero addresses this gap by offering a platform that includes multiple accounts, IBANs, payment cards, and access to short-term financing.
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Utilizing the New Capital
With this new funding, Hero plans to expand its range of flexible financing products tailored for SMEs and enhance its comprehensive payment solutions. Additionally, the company aims to fuel its expansion across key European markets, positioning itself as a leading provider of fintech services designed specifically for Very Small Enterprises (VSEs) and SMEs.
About the Fintech
The company’s mission is to streamline financial management for small business owners by aggregating various financial services into one user-friendly platform. The company’s integrated approach helps entrepreneurs manage payments, finance inventory, and handle loans efficiently, ultimately simplifying their financial operations.
This significant investment will enable the fintech to continue developing its innovative platform and support the growth of SMEs across Europe.
