Twisto founder joins Malcom Finance to expands solutions for European logistics for SMEs
Malcom Finance, formerly known as 4Trans, has appointed Michal Šmída, the founder of Twisto, as a Non-Executive Director to help shape its strategic direction. Šmída brings a wealth of experience in building and scaling fintech businesses, which will support Malcom Finance’s growth ambitions.
The fintech company, specialising in financial services for supply chain and logistics SMEs, is expanding its offerings beyond factoring solutions to include a verified buyer database, invoice insurance, and business loans. This expansion comes in response to rising demand across Central Europe, with Malcom Finance reporting triple-digit year-on-year growth for the second consecutive year. The company has financed over 160,000 invoices and verified 15,000 debtors, providing more than €165 million to logistics and supply chain SMEs, solidifying its position as a leader in the sector.
Malcom Finance’s new services aim to tackle the financial challenges faced by logistics companies, particularly SMEs and independent hauliers, who often struggle with cash flow and access to traditional financing. By offering tailored financial solutions, Malcom Finance seeks to empower these businesses and fuel their growth.
The rebranding from 4Trans to Malcom Finance reflects the company's evolution. The new name honours Malcom McLean, the pioneer of containerisation, symbolising the company’s mission to revolutionise financial services in the logistics sector in a similarly transformative way.
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.