5 years ago

Outfund Secures £37M to Fuel Growth of Revenue-Based Financing for Online Businesses

  • Outfund, a UK-based revenue-based finance startup, has raised £37 million in a late seed round led by Fuel Ventures, TMT Investment, and Force over Mass

  • The company offers funding to online businesses without requiring equity, charging a fixed fee starting from 5% of revenue

  • Outfund will use the funds to offer larger financing, invest in new products, and grow its team.

      • ProblemFinancial Services

      "to provide fairer and better aligned way for online businesses to grow fast"

      Solution

      "offers revenue-based finance between £10,000 and £2 million, charging a fixed fee of revenue starting from 5% and projecting payback time, with an algorithm that uses live data to assess risk and provide funding within 24 hours"

      Covered on