Silvr, a French fintech specializing in 'Capital as a Service', has raised €130 million in funding from XAnge, Otium Capital, Bpifrance Digital Venture, Eurazeo, ISAI, and several business angels including Alexandre Prot and Steve Anavi (co-founders of Qonto), Raphaël Vullierme (co-founder of Luko), Louis Chatriot (co-founder of Alma), and Pierre Dutaret (co-founder of Libeo). Transaction Services - 2CFinance conducted financial due diligence of Silvr. Launched in 2020 by two entrepreneurs, Nima Karimi and Grégory Tappero, Silvr helps e-commerce companies and SaaS businesses accelerate their growth through Revenue-Based Financing (RBF), which involves financing companies through an advance on their future revenue based on their historical data and performance. Silvr then earns a commission directly from the generated revenue.
Silvr's latest funding round will help the company to recruit around a hundred employees in 2022 to support its growth and develop its platform. The startup's aim is to help businesses to grow by providing them with flexible financing solutions that are tailored to their needs. Revenue-Based Financing is an alternative to traditional venture capital and debt financing, providing businesses with more flexibility over their financing options. Silvr's investors include a mix of venture capital firms, institutional investors, and business angels, with a broad range of industry expertise.
XAnge is a venture capital firm that invests in early-stage technology startups in France, while Otium Capital is a growth capital firm that invests in European technology companies. Bpifrance Digital Venture is a subsidiary of Bpifrance, a French investment bank that provides financing and advisory services to small and medium-sized enterprises. Eurazeo is a global investment firm that manages assets worth more than €18 billion, while ISAI is a French venture capital firm that invests in early-stage technology companies.
Silvr's latest funding round highlights the growing interest in alternative financing solutions for businesses. Revenue-Based Financing is becoming an increasingly popular option for startups and small businesses, providing them with the flexibility they need to grow and expand without the constraints of traditional debt financing. With its latest funding round, Silvr is well-positioned to continue to grow and expand its platform, helping businesses to achieve their growth ambitions in a more flexible and sustainable way.