Fintech start-up receives a total of €4.35 million from new and existing investors
Munich, August 29, 2022:
fulfin, a leading provider of flexible financing solutions for online entrepreneurs, has successfully closed its Series A financing round. Despite a sharp decline in investments in fintech startups this year, fulfin once again convinced investors with its business model. In total, the Munich-based company achieved investments of 4.35 million euros in this financing round.
In addition to Hevella Capital and Lakeside, fulfin was able to attract support from new institutional investors. A new seven-figure investment was also realized via Stableton, the leading European platform for alternative investments. Stableton revolutionizes and democratizes access to best-in-class alternative investment options, enabling investments in non-traded companies such as Klarna, Revolut and SpaceX, among others.
“Both aBased on automated analysis of financial transactions as well as benchmarking of several thousand e-commerce merchants, we are able to provide flexible working capital to our customers exceptionally fast. With the closing of the new financing round, we are now in a position to exploit the immense market potential of innovative financing solutions for e-commerce companies even more effectively.” says Dr. Alfred Gruber, one of the two founders of fulfin.
In order to meet the increasing demands of digital entrepreneurial customers, fulfin focuses not only on providing digital financing solutions but also on developing trend-setting analysis and benchmark products .
“fulfin is developing a lending technology that will revolutionize finance. fulfin’s unique combination of an integrated cloud-based liquidity and financial planning tool with lending is an absolute differentiator in the market. In this way, technology and financial services expertise are perfectly combined to offer customers a first-class product, which will also be reflected in fulfin’s entrepreneurial success.” says Stableton Managing Partner Andreas Bezner.
In addition to the investment by Stableton, fulfin was able to enter into a cooperation with Varengold Bank in advance, which has taken the position as a banking-as-a-service and financing partner since May 2022. The cooperation additionally makes it possible to meet the strong demand for lending.
“E-commerce in Germany is growing six times faster than bricks-and-mortar retail. Young e-commerce entrepreneurs expect a high level of digitization from their financing partners. However, banks are unable to meet this demand and the increasing demand for quick and easy loans.” says fulfin co-founder Nathan Evans. To increase the speed of the loan process, fulfin has digitized the entire loan application and review process. The necessary risk assessment is carried out using data-based algorithms and is now so optimized that the loan default rate is far below the usual industry average. With its uncomplicated and fast provision of loans, fulfin sets new standards in finance and supports customers with capital exactly where they need it most. Whether for the purchase of goods, online marketing or product development – thanks to fulfin financing, customers can cover their short-term financing needs flexibly and without earmarking.
About fulfin:
fulfin is a leading provider of financing solutions for online entrepreneurs. An internally developed AI and risk model creates the conditions for the approval of fast and flexible working capital loans. In doing so, fulfin supports its users with a range of specialized analytical tools that enable them to make intelligent financing decisions. fulfin’s leadership team is made up of e-commerce and fintech experts and forms the basis for one of the fastest growing digital lenders in Europe.
About Stableton Financial Ltd:
Stableton is an award-winning fintech platform and investment firm specializing in private markets. Institutional and qualified investors benefit from identifying outstanding growth companies and generating unique, best-in-class investment opportunities with enhanced liquidity. Our unique positioning and differentiated approach within the ecosystem, combined with our technology and process advantage, enable us to enter into the most attractive deals and generate returns for investors.
Press contact:
fulfin – isarlend GmbH
Peer Wiesner
Agnes Pockels Arc 1
80992 Munich
Email: peer@fulfin-blend.vousisko.cz /press@fulfin-blend.vousisko.cz Phone: +49 178 450 5204