• FOUNDING YEAR: 2011
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Credit services to small businesses
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Brew Lab Coffee, B&K Beauty Boutique, Urban Species
EXISTING PARTNERSHIPS:
Alibaba, linnworks, Brightpearl, E-trackit, Volo, Startup Direct, Webinterpret, VisualSoft, Frooition, Remobe the Background, Currencies Direct, Worldfirst, FreeAgent, Accordance, Meridian Global Service, 3P Logistics, Seko Synergy

PEOPLE

Board Members and Advisors:
Matus Maar, Vasile Foca
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Talis Capital, Beyond Digital Media, Global Founders Capital, Redline Capital Management S. A. (RCM), CommerzVentures GmbH, Acton Capital Partners, Prime Ventures, Shawbrook Bank, Redline Capital, NIBC Bank, Pollen Street Capital
KEY EMPLOYEES:
Christoph Rieche (CEO); James Dear (CTO)

TRACTION

VALUATION / MARKET CAP:
$133.33 MM in 2015
ACTIVE USERS:
0.0015
COMMENT:
The company claims that it has funded more than 15,000 small businesses with a total of £300 million till date (Dec 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$57.48 Millions
DATE OF LAST FUNDING:
Apr 2018
TOTAL FUNDING COMMENT:
The company will use the funds to build the technology that makes credit available to small businesses quickly, providing access directly through the website and through partner integrations with its Lending API(May 2018).
SEED & PRIOR FUNDING:
$3.25 Millions
SEED CLOSED ON:
Jan 2013
FUNDING SERIES:
SERIES A
$8.2 Millions Closed: Jan 2014
SERIES B
$20 Millions Closed: Jul 2015
SERIES C
$26.03 Millions Closed: Oct 2016
COMMENTS
SERIES C : The company raised undisclosed amount in Series C round in July 2017.
DEBT FUNDING:
$101.1 Millions
LISTED:
NO

LATEST RESEARCH