Finance market

Outfund raises £15m to expand into crowded revenue-based finance market

Revenue-based finance provider Outfund has closed a £115m Series A funding round in equity and debt, joining growing ranks of companies vying for business deals across the EU. Europe.

The round included £100m of debt funding and a £15m capital injection from Force Over Mass, PostFinance in Switzerland, Guernsey’s 1818 Venture Capital and Tribe Capital.

With this new investment, Outfund is committing to invest over £500m in loans to over 5,000 businesses over the next 12 months and will increase its loan limit to £10m per business.

Founders seeking capital must connect their online and offline revenue accounts to Outfund, which will use the data to create a funding offer and deploy the same day.

The company operates in a burgeoning market, with at least 18+ revenue-based finance providers operating across Europe.

Like many of its peers, Outfund achieved significant growth in 2021, increasing revenue sixfold and expanding into three new countries as the pandemic pushed more businesses online. With its wider reach and new capital, it is expected to lend over £500m in 2022 and is expected to fund over 5,000 businesses across the world.

The company also plans to double its team from 70 to 150 people by the end of 2022.

CEO Daniel Lipinski says, “What sets us apart from the market is our technology and our ability to provide product-integrated financing solutions to almost any partner, ensuring not only rapid growth, but also the ability of our partners to provide a range of value-added services. add financial products to their clientele.”