fulfin is a 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. fulfin offers its users a number of special analysis tools that enable financing decisions to be made.
In total, the company achieved investments of EUR 4.35 million in this round of financing. In addition to Hevella Capital and Lakeside, fulfin was able to gain support from new institutional investors. A new seven-figure investment was provided via Stableton, a European platform for alternative investments. Stableton is a fintech platform and private markets investment firm. The fintech aims to widen access to alternative investment options and enabes investments in private companies such as Klarna, Revolut, and SpaceX, among others.
Through an automated evaluation of financial transactions and benchmarking of ecommerce merchants, fulfin provides customers with flexible working capital. According to a fulfin representative, this new round of financing allows them to exploit the market potential of innovative financing solutions for ecommerce companies more effectively.
Cooperation with Varengold Bank
In order to increase the speed of the loan process, fulfin has digitised the entire application and verification process for a loan. The necessary risk assessment is carried out using data-based algorithms and has now been optimised so that the credit default rate is lower than the industry average. With fulfin’s financing, customers can cover their short-term financing needs, whether for the purchase of goods, online marketing, or product development.
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