Uplift1 lends up to half EUR 500,000 to high-growth startups, which they pay back from their sales. Silver has not given any details, including the purchase price. In 2022, Silvr closed a round of financing of around EUR 18 million and received a credit line of EUR 112 million. Now it aims to expand to Germany, where the company currently has 7 employees, as reported by Finance Forward. According to Silvr’s own statements, it has financed growth companies in Europe with EUR 100 million.
Revenue-based financing is a form of financing in which lenders receive a portion of revenue for a specified period of time, up to a specified value. The corresponding startups do not have to be profitable, but it is important that they are already generating sales. The advantage of lending in this way is that founders do not have to hand over any company shares to venture capitalists. Young companies who go for this offer would normally not receive a traditional bank loan.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now