The Munich-based startup Allo is expanding its digital restaurant platform with a financing partner. Together with the Berlin-based fintech Finmid, Allo is now offering customized financing solutions directly through its platform. This is intended to provide small and medium-sized restaurant businesses throughout Germany with fast and unbureaucratic access to capital.
Partnership with impact
More than 1,000 restaurants already working with Allo – including numerous Munich-based establishments such as LeDu, Slurp, Napoli Group, and Giesinger Stehausschank – can now apply for financing. The process is entirely digital via Finmid's API, based on current business data. If an application is approved, restaurant operators typically receive the funds within 48 hours.
"Increasingly, our customers need fast, flexible, and personalized access to financing. Thanks to our partnership with Finmid, we can now deliver this directly. It's a natural evolution of our mission to be the platform restaurants can rely on at every stage of their journey,"
explained Cancan Liu, CEO of Allo.
The funds can be used flexibly—for example, for renovations of premises, new equipment, or investments in personnel and marketing. According to Finmid, financed retailers record an average sales increase of up to 45 percent within the first six months.
Allo's highly represented customers with a migration background are particularly destined to benefit. According to Allo, these customers often have limited access to traditional financing because conventional credit models are not designed for their business reality.
"Allo has built close, trusting relationships with restaurants – initially in Munich, and now throughout Germany. We're proud to support them with the infrastructure they need to extend their all-in-one solution with fast, flexible financing – directly embedded in the tools their customers already use. This partnership is still in its early stages, and we look forward to growing together."
says Max Schertel, co-founder of Finmid.
Allo was founded in 2021 by Cancan Liu, Benedikt von Lewinski and Teodor Rupi. The platform offers a digital End-to-end operating system for restaurants, covering features such as reservations, orders, payments, and delivery integrations. Support The startup is receiving funding from investors such as 20VC, former Stripe COO Claire Hughes Johnson, and soccer world champion Mario Götze. Following strong growth, Allo is now planning to expand into other European markets.
