3 years ago

Outfund Raises £115 Million to Expand Global Fintech Platform

  • Outfund, a London-based fintech company that helps online businesses raise funds, has secured £115 million in Series A funding

  • The round was led by Force Over Mass, PostFinance, 1818 Venture Capital and Tribe Capital

  • Outfund plans to use the funds to expand its global growth, invest in new products, and grow its team

  • The company enables founders to apply for finance using an online application, and its proprietary technology simplifies the process by eliminating the need for business plans or risk assessments

  • Outfund can deploy between £10,000 and £10m of funding, and is available to businesses that take online payments, have a minimum of £10,000 monthly turnover, and have been trading for at least six months.

      • ProblemFinancial Services

      "Online businesses struggle to access funding quickly and easily, often needing to provide extensive paperwork and undergo lengthy risk assessments."

      Solution

      "Outfund provides online businesses with a fast and easy way to access funding, using proprietary technology to assess risk based on revenue data and deploying funds the same day. They offer flexible repayment terms based on revenue share, allowing businesses to focus on growth."

      Covered on