Outfund scores £115 million to loan over £500 million to e-commerce firms this year
Summary
Outfund raised £115 million in a Series A round of equity and debt financing. The company plans to lend more than £500 million to 5,000 businesses over the next 12 months. It offers revenue-based finance to online businesses through a fast application process and same-day funding decisions. The new capital will let Outfund increase its lending limit to £10 million per company. The startup positions its product as a flexible alternative to traditional bank loans and equity dilution.
Funding
Amount
$125.6M
Total raised
Date
April 27, 2022
Announcement date
Investors
PostFinance, Force Over Mass Capital, Tribe Capital, 1818 Venture Capital, Fuel Ventures
Lead investors
Company
https://www.out.fund/
Funded company
AskAI Classifications
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