UK based provider of revenue-based financing for online businesses raised £37m in equity and debt Seed funding led by Fuel Ventures.
“Outfund is very different in the market in that we provide one fixed fee from 5% regardless of how you spend the funds. For example, other providers in the space charge an increased fee if you use the funding for stock as opposed to marketing. We are focused on technology to make the best lending decisions and means we can advance the cheapest fixed rates on the market regardless of how you spend it”. Uncapped picks up another $26M to offer revenue-based finance to European entrepreneurs