Karmen Secures $9.4M to Revolutionize Revenue-Based Financing for Small and Medium Enterprises

Karmen Secures $9.4M to Revolutionize Revenue-Based Financing for Small and Medium Enterprises

French startup Karmen has successfully raised $9.4 million in funding, aimed at enhancing its instant financing solutions for small and medium-sized enterprises (SMEs) facing working capital challenges. This funding round combines both equity and debt financing, signaling a strong vote of confidence in Karmen’s innovative products designed to support businesses in need of quick capital.

Funding Round Details

The recent funding round saw participation from notable investors. Seventure Partners acquired an equity stake, while Financiere Arbevel and Bpifrance provided debt funding, as reported by TechCrunch.

Karmen’s Competitive Landscape

Karmen is operating in a highly competitive sector of instant financing for SMEs, facing rivals such as Silvr, Defacto, Unlimitd, and Hero. Despite this competition, Karmen has established itself as a significant player in the market.

Previous Funding and Growth

This latest financial boost follows Karmen’s previous achievement of securing a €100 million debt vehicle, which underpins its short-term loan offerings. Over the past six months, Karmen has experienced a remarkable uptake, with approximately 600 businesses utilizing its financing solutions. These solutions help manage various operational needs, including:

  • Inventory management
  • Supplier payments
  • Marketing campaigns

Loan Offerings and Terms

Karmen provides loans ranging from €20,000 to €3 million, with flexible repayment terms varying from two to 24 months. This flexibility is crucial for SMEs seeking to navigate cash flow challenges.

Data-Driven Approach

Karmen’s co-founder and CEO, Gabriel Thierry, emphasizes the company’s commitment to responsible lending practices. He states, “This is part of our job as a lender. But we limit these risks through our data-driven approach, which allows us to have very granular visibility into the financial and operational performance of our clients.”

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For more information about Karmen’s products and services, visit their official website at Karmen.

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