Wealthon
“Can a Polish SME lender become the embedded financial OS for micro/small businesses by combining turnover-based credit, a payment card, and POS acquiring on a single license?”
Founded2018
HQWarsaw, Poland
Total raised$148.83M
Latest roundLater Stage VC, $130M
IndustryFintech / SMB Lending
The story
Wealthon launched in 2018 as a bridge/short-term lender to Polish SMEs, then evolved into an integrated SME financial services ecosystem combining turnover-based lending (POSCASH), a credit-limit card (Wealthon Wallet), and POS payment processing. The company holds its own Polish payment institution license and uses Vodeno as its BaaS rail, with UniCredit now funding the receivables book — a structural shift toward institutional balance-sheet financing while keeping product and underwriting in-house.
Product timeline
2018
Wealthon founded in Warsaw to provide bridge and short-term loans to SMEs.· lending
2019
Began providing financing to SMEs underserved by traditional banks.· lending
2021
Authorized by KNF as an Exempt Payment Institution in Poland.· banking
2024
Secured PLN 531M financing package to scale SME ecosystem.· lending
2026
Signed €115M three-year receivables purchase agreement with UniCredit to fund POSCASH lending book via Vodeno's BaaS platform.· lending
Regulated entities
1
regulatory licence held by Wealthon
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Wealthon’s embedded-finance stack
Payments / PSP
Wealthon POS (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Accounting gap: minor
4 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.