BidFinance Raises €1.6M
Polish Fintech BidFinance Secures €1.6M to Expand its Debt Portfolio Trading Platform Across Europe
BidFinance, a Warsaw-based fintech startup digitizing the debt portfolio trading process, has raised €1.6 million in a funding round led by 4growth VC, FundingBox Deep Tech Fund, Digital Ocean Ventures, and a group of business angels. The capital will support BidFinance’s expansion into the Nordic region and further development of its platform for trading unsecured debt.
Founded in 2022 by Zenia Karastoyanov, a former finance professional at Deloitte and MCI Capital, BidFinance operates a data-driven auction platform that connects sellers—including banks, leasing firms, and energy providers—with buyers such as debt collection agencies, investment funds, and law firms.
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A New Standard for Debt Portfolio Trading
BidFinance’s platform leverages auction dynamics to optimize outcomes for sellers. According to Karastoyanov, the technology has increased seller returns by as much as 80% above starting price in certain transactions. For example, a client previously selling at 15% of portfolio value saw results rise to 26% on the BidFinance platform.
Since launching, BidFinance has completed over 70 transactions, with listed portfolios surpassing €280 million in total value. Nearly 70 active buyers are registered on the platform, representing over 90% of the local market.
Investors Betting on Fintech Efficiency
The funding round was led by 4growth VC—one of Poland’s emerging growth-stage investors with a portfolio spanning fintech, medtech, and consumer tech. The firm’s past investments include FindAir, Plenti, and Saventic Health. Co-investor FundingBox is a key player in Europe’s deep tech ecosystem, having distributed over €100 million in equity-free funding from EU programs.
Digital Ocean Ventures, which participated in a prior round, returned alongside new angel investors.
Looking Ahead
With fresh capital in hand, BidFinance plans to scale operations within Poland and begin international expansion—starting with the Nordics, where unsecured debt sales are estimated at €8–10 billion annually. The company expects to generate its first cross-border revenues in 2025 through existing partnerships across Europe.
“The goal is to bring transparency, speed, and higher returns to all stakeholders involved in the debt trading process,” said Karastoyanov. “This funding gives us the runway to do that at scale.”
