Ireland based embedded lending platform raised €8.8m in Series A funding co-led by Mosaic Ventures and LocalGlobe.
“Our goal is to level the playing field for SME financing. Banks remain reluctant to lend to SMEs, often leading to them feeling trapped when it comes to their business finances. We listen carefully to our partners’ and customers’ requirements and liberate the liquidity within their business. We’re already seeing a sharp rise in demand for this service and a willingness for business owners to finally reappraise their financing options, which have been so unfavourable for so long. Closing the Series A raise with such supportive and significant partners on board is a major milestone in AREX’s growth and continued expansion.”, said Airto Vienola, CEO.
https://ibsintelligence.com/ibsi-news/arex-markets-raises-e8-8-million-in-series-a-funding/