Czech FinTech company Flowpay reportedly raised €30 million (about $32.7 million) in debt financing to grow its embedded lending solution that enables small and medium-sized businesses (SMBs) to access financing through platforms they use every day. The company aims to expand beyond the three countries in which it operates: the Czech Republic, Slovakia and the Netherlands. The company offers SMBs access to business loans of between €2,000 and €100,000. To apply for a business loan, SMBs connect their partner point of sale (POS) or eCommerce platform with the Flowpay app, select a loan amount and repayment schedule, review the total payment information that is instantly provided, and verify their identity and bank account online. After the system evaluates the application, Flowpay will email the SMB a contract and, once that’s been signed, deposit the funds into the SMB’s account.