Invoice financier Lenderwize raises EUR 100 mln

Friday 26 November 2021 10:08 CET | News

Invoice financing marketplace for telecoms firms Lenderwize has raised EUR 100 million in debt funding for international expansion, according to AltFi.

UK-based Lenderwize enables telcos to improve their cash flow by selling customer invoices attached to voice, data, and digital content to investors looking to take a stake in such commodities. This approach includes real-time invoice verification by providing investors with characteristics of the commodities they’re investing in, like call duration, origin, destination, and cost. Lenderwize validates this data directly with the telco.

This fresh funding was provided by credit investor Fasanara Capital. The funding would help the business to pursue its international development plans, which include entering new markets in Europe and the US as early as the first quarter of 2022. Marked on Lenderwize’s European plans are launches in France, Germany, and Spain in 2022.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: e-invoicing, investment
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech