Outfund, a revenue-based e-commerce platform providing advancements to assist with customer acquisition and growth expenses, announced they have sealed a $20 million Series A round led by existing investor Force Over Mass, along with Switzerland’s PostFinance , 1818 Venture Capital and Tribe Capital. At the same time, the company also raised $120 million in debt financing. Outfund raised its revenue sixfold by expanding into three countries: Spain, Australia, and the United States. Outfund isn’t as focused on SaaS firms as some other Revenue-based fintech (RBF) players in the UK, but it’s also not exclusively focused on e-commerce. Rather, Outfund will lend to any business that receives revenue from both traditional invoicing and online payments. Outfund joined the Spanish market last year with the acquisition of local competitor Clicfunds. Upon completion of this latest round, it plans to actively look for more acquisitions in an effort to expand into new markets.
Outfund raises a $20m Series A to take its ‘considered’ lending approach global | Sifted