Paris startup Aiffin closed a round of €3.125 million — €625,000 in equity capital from business angels and crowdfunding investors from nine countries, plus €2.5 million in debt financing for leasing agreements. The company's valuation is €30 million.
Who and Why
The company was founded by two people: Sergiy Vaskov, a Ukrainian entrepreneur, and Khalil Aram, a French manager from the automotive industry. Their target is a market that traditional leasing companies systematically ignore: VTC drivers, couriers, craftspeople, farmers, and small transport businesses.
France has over 4.4 million micro-entrepreneurs. Most of them have stable income, but cannot pass standard credit scoring: banking assessment models are still oriented towards employed workers with long credit histories and annual financial reports.
"The problem is not whether they can repay the debt. The problem is that traditional underwriting was not created for them."
Sergiy Vaskov, Aiffin co-founder
What's Inside: OrbitScore Instead of a Bank File
Aiffin's key product is its own AI engine OrbitScore, which analyzes open banking data, cash flows, business activity, and behavioral signals instead of standard credit history. The company claims leasing decisions are made in less than five minutes — compared to several weeks with traditional players.
The model is fully digital: from application to contract signing. Aiffin also offers API integration for car dealerships — so that leasing becomes an "invisible layer" directly on the seller's website.
"We're building infrastructure. We want financing to become an invisible layer, embedded where entrepreneurs buy cars and equipment."
Khalil Aram, Aiffin co-founder
What Already Exists
- Portfolio of financed leasing agreements — approximately €3.2 million
- Over 250 applications per month
- Partnerships with car dealerships, brokers, and mobile ecosystems across France
- Over 50 investors from 9 countries in the crowdfunding campaign
The raised funds will go towards platform development and expansion of the leasing portfolio. The company is focusing primarily on France, although the model is theoretically transferable to any market with a similar employment structure.
The real question here is not about technology — OrbitScore may be better than bank scoring, or it may not: there is currently no public data on default rates in Aiffin's portfolio. If the company discloses this figure after the next round, it will become clear whether the €30 million valuation is realistic, or if it's a bet on market potential without proven credit quality.
