Malcom Finance (formerly 4Trans), a leading fintech company specialising in financial services for supply chain and logistics SMEs, has appointed the founder of Twisto as a Non-Executive Director. Michal Šmída will actively participate in shaping the company’s strategy, leveraging his extensive experience in building and scaling successful fintech businesses.
The move comes as Malcom Finance expands its offering beyond factoring solutions to include a verified buyer database, invoice insurance, and business loans. Malcom Finance has taken the decision to expand its services and presence in Central Europe on the back of substantial demand. The startup has recorded triple-digit YoY growth for the second year running – financing over 160,000 invoices and verifying 15,000 debtors. To date, it has provided more than €165 million to supply chain and logistics SMEs, making it one of the leading fintech providers in the logistics sector.
Malcom Finance’s new services are designed to address the broader financial needs of logistics companies. SMEs and independent hauliers are often locked out of traditional financial services and face cash-flow and invoice payment challenges. Malcom Finance’s solutions are designed to empower these companies by providing them with the financing and tools they need to grow.
To reflect the company’s evolution and further differentiate it in the market, Malcom Finance has also rebranded from 4Trans. The startup is now named after Malcom McLean, a visionary who revolutionised global trade with containerisation. This encapsulates Malcom Finance’s mission to bring innovative financial solutions to the logistics sector as transformative as McLean’s contributions to international trade.
Michal Smida, Non-Executive Director at Malcom Finance, said: “Malcom Finance has done an extraordinary job at building a product offering that perfectly fits the needs of an often neglected customer niche. This has led to exceptional growth trajectory so far and the opportunity to significantly expand their services and market reach across Europe in the years to come. I’m honoured to be part of this journey and looking forward to providing my experience to Malcom Finance’s team as it takes its next steps.”
Jaroslav Ton, Founder and CEO of Malcom Finance, said: “Michal brings a wealth of invaluable experience that will be crucial for us as we seek to hit our goal of becoming Europe’s preeminent financial service provider for supply chain and logistics SMEs.
“There are 550,000 logistics companies in the EU and they are absolutely fundamental to how the continent operates. Unfortunately, for too long, these hard working SMEs and independent hauliers have been essentially locked out of financial services. This puts many of them in a very precarious position and largely prevents them from innovating and growing. Malcolm Finance provides solutions to these widespread problems and the speed at which we have grown is a testament to the scale of demand for financial inclusion within the logistics sector. We will continue to expand our offering to help our customers manage their cash flows, mitigate risks, and invest in growth.”
Malcom Finance’s rebrand also marks the launch of a beta version of a new client zone, offering a simpler, more intuitive user experience. All current functionalities will remain, with additional features being rolled out in the coming months. The new client zone will also operate on faster technology, enabling clients to upload invoices more easily and verify debtors before committing to contracts.
