BDO advises Xploration Capital on series A funding round for Myos (Amafin GmbH)

Myos, a fintech company that provides working capital solutions for online retailers, raises €25M in series A funding led by Xploration Capital, a global Venture Capital fund with deep expertise in fintech.

Tomahawk.VC, Fasanara Capital and further new and existing investors also participated. With the money raised, Myos plans to enter the international market in addition to expanding its existing business in Europe and continue developing the company’s AI-based lending platform.

BDO AG Wirtschaftsprüfungsgesellschaft and BDO Legal Rechtsanwaltsgesellschaft mbH provided an interdisciplinary team to support Xploration Capital with the investment. The advisory services spanned financial due diligence, legal due diligence and legal transaction advice.

About Myos

Myos’ independent working capital solution supports merchants in their startup phase – where they are usually considered unbankable by other financiers – as well as in their growth phase – where it offers maximal flexibility due to its collateral-based, AI supported, dynamic repayment approach.

The founders started Myos in 2018, bringing business experience from management positions at Morgan Stanley, Allianz, Roland Berger, Lendico/ING, and others. To date, the company has paid out over €30m in over 1,000 loans.

Myos’ shareholders already include Mountain Partners, Berlin Technologie Holding and Avala Capital, as well as business angels from the finance and e-commerce world, among others Ralph Mueller, former member of the board of Deutsche Bank Privat- und Firmenkundenbank AG. Frankfurt-based Raisin Bank acts as banking partner.

About Xploration

Xploration Capital is a European Venture Capital fund which backs visionary entrepreneurs, building category defining companies on emerging markets and ecosystems. The fund invests in projects driving transformation in early stages of their growth phase and supports them thereafter.

Advisors to Xploration Capital

BDO Legal: Dr Daniel Wied, M.jur (Oxford) (Lead, VC/M&A, Munich), Jessica Hofbauer (VC/M&A), Dr. Michael Mette (Regulatory, Stuttgart), Dr. Marcel Fricke (IP/Commercial, Hamburg), Jessica Fischer (IP/Commercial/Datenschutz, Hamburg)

BDO AG: Martin Geisler (Lead, Financial Services, Hamburg), Philipp Stegner (Financial Services, Hamburg), Marco Fröhlich (Financial Services, Hamburg)