Sweden-Based Restaurant Technology Company Baemingo Launches €50K Business Loans for European Restaurants Facing Financial Crisis

As restaurants across Europe continue to face rising costs, labour shortages, and increasingly limited access to traditional financing, Swedish restaurant technology company Baemingo is stepping in with a timely and much-needed solution.

Known for its innovative point-of-sale (POS) systems, Baemingo has now launched a dedicated restaurant lending division aimed at providing financial relief to the hospitality sector. The initiative has already helped dozens of restaurants stay afloat during one of the most turbulent periods the industry has faced in recent memory.

European Restaurant Industry Crisis Deepens

The restaurant industry has been under sustained pressure since the COVID-19 pandemic, and the aftershocks are still being felt. In Sweden alone, a record 943 restaurants filed for bankruptcy in 2024, according to Statistics Sweden. The outlook for 2025 remains grim, with the Swedish hospitality trade association Visita forecasting zero growth for the sector this year. Similar trends are being reported across Europe, where inflation, high interest rates, and shifting consumer behaviour are squeezing restaurant margins and threatening long-term viability.

Restaurant Lending Solution Addresses Industry Pain Points

Baemingo’s founder and CEO, Faje Gani, is no stranger to the challenges facing the restaurant industry.

I’m a serial entrepreneur, but I’ve also been a restaurant owner for the last ten years. I’ve spoken with restaurant owners in Sweden and abroad, and they all say the same thing: the industry is fighting to survive, but no one is listening.

Gani said.

In response to this growing crisis, Baemingo has launched a new restaurant lending service that offers loans of up to €50,000 to restaurants. These business loans come with significantly lower fees than those typically charged by banks and traditional lenders, making them more accessible to small and mid-sized establishments. The goal is to provide fast, flexible restaurant financing that helps restaurants manage cash flow, invest in upgrades, or simply keep their doors open.

Strong Market Response to Restaurant Finance Initiative

The response has been swift and enthusiastic. Within just a few months of launching the lending division, Baemingo has already issued loans to dozens of restaurants across Sweden and other European markets. The company aims to lend between €5 million and €10 million in 2025, with plans to expand the restaurant lending programme significantly in the years ahead.

About Baemingo: Leading Restaurant Technology Provider

Founded in 2017, Baemingo has grown into one of Sweden’s leading providers of restaurant POS systems tailored specifically for the restaurant industry. Today, the company serves over 4,000 customers across Sweden, Norway, Denmark, Spain, and the UK. Its product portfolio includes modern solutions for fine dining and fast-food restaurant groups, franchise owners, and smaller independent restaurants and cafés. Baemingo’s restaurant technology helps these businesses streamline operations, manage orders, track inventory, and analyse sales data in real time.

Award-Winning Technology Company Expands Services

In 2024, Baemingo was recognised on Deloitte’s Sweden Technology Fast 50 list, which highlights the country’s fastest-growing tech companies. The decision to enter the restaurant lending space was a natural evolution for the company, according to Gani.

We already have deep relationships with thousands of restaurants through our POS systems. We understand their business models, their challenges, and their cash flow patterns. That gives us a unique advantage when it comes to assessing risk and offering tailored financial solutions

he explained.

Integrated Restaurant Finance Platform

Baemingo’s approach reflects a broader trend in the fintech and SaaS sectors, where companies are increasingly bundling financial services with their core software offerings. By integrating restaurant lending directly into its POS platform, Baemingo allows restaurant owners to apply for loans, track repayments, and manage their finances all in one place—saving time and reducing administrative burden.

Future Plans for European Restaurant Lending Expansion

Looking ahead, Baemingo plans to expand its restaurant lending services beyond Sweden, targeting other European markets where restaurants face similar challenges. The company is also exploring partnerships with local governments and industry associations to amplify its impact and reach more businesses in need.

We’re not just offering loans—we’re offering a lifeline. Our mission is to empower restaurants with the tools and support they need to survive today and thrive tomorrow.

said Gani.