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Revenue-based financing startups continue to raise capital in MENA, where the model just works
In an era where it has become tougher to raise venture capital, many companies have turned to non-dilutive, revenue-based financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. The latest is CredibleX which has raised a $55 million seed financing round led by Abu Dhabi-based Further Ventures in order to take advantage of the booming market for revenue financing
Dec 24, 2024
QED leads $7M round into startup that offers financing to SaaS businesses across US-South Asia corridor
There are a number of companies in the U.S. that offer revenue-based financing to SaaS companies, including Capchase, Pipe, Founderpath and Arc. But the options for South Asian companies are far more limited. A new startup, Efficient Capital Labs (ECL), has emerged to give B2B SaaS companies operating in the South Asia-U.S. corridor more financing […]
Jul 13, 2023
Bonside launches with $4.35M to provide growth capital to brick-and-mortar businesses
Here’s how it works: business owners receive growth capital in exchange for a percentage of their business’ revenue, which is paid back in accordance with how fast or slow revenue is accumulated.
Jun 7, 2023
Miami-based AI bookkeeping startup finally has raised another big round: $200M in equity and debt
The SMB-focused bookkeeping, accounting and finance startup finally has raised $50 million in a Series B round of funding and secured a $150 million credit line, TechCrunch is the first to report. The financing comes just seven months after the fintech company announced it had raised $10 million in funding, and brings Miami-based finally’s total raised since its 2018 inception to $305 million in debt ($235 million in credit facilities) and equity ($74 million). Felix Rodriguez came up with the
Sep 9, 2024