Owners
Myos - Germanfintechstartup-, which provides online stores with working capital. The company finances the seller's second order for goods, while the purchased goods themselves act as collateral, and fixed installment payments familiar to banks are excluded.
The Myos platform on the basis artificial intelligence tracks the rating of the product, the success of its sales and competition in online sites such as,, and eBay. Amazon Based on Alibaba this data, it derives the risk measure used to determine the future sales potential and value of the funded products.
Myos was founded in 2018 by entrepreneurs who previously held senior positions at Morgan Stanley, Allianz, Roland Berger, Lendico and other companies.
History
2021: Attraction of 25 million euros, including from Xploration Capital
In June 2021, Myos announced the attraction of 25 million euros in investments. The main investor in the Series A financing round was Xploration Capital, led by Igor Kim and Yevgeny Timko. Tomahawk VC, Fasanara Capital and other investors also invested in the startup.
Myos intends to spend the funds received on the development of its international business, expanding its activities in Germany and further developing its AI platform. By June 2021, Myos issued more than 1 thousand loans to its customers.
Myos noted that the startup helps companies earlier than traditional lenders, because it considers retail products, and not sellers themselves.
Transparency of online markets creates the opportunity for a fundamentally new risk assessment for trade loans. Thanks to this principle, Myos managed to bring its product to the market, and we see it as a huge potential for the entire e-commerce industry, "said Evgeny Timko, managing partner of Xploration Capital.[1] |