AREX Markets raises EUR 8.8 mln in Series A funding

Mosaic Ventures and LocalGlobe led the round, joining existing investors Lifeline Ventures and angel investor Richard Laxer. AREX had previously raised seed funding of EUR 3 million in 2016.

With this funding, AREX has launched in the UK and Spain with its proprietary technology that delivers embedded lending into accounting systems, allowing SME’s access to a competitive financing marketplace. The AREX technology integrates into customers’ software and processes by using data to drive automation of the financing workflow.

The AREX platform opens up an alternative to traditional invoice financing, facilitating a live, algorithm-based trade that enables SME’s to get access to cash trapped in their debtor book and allowing professional investors to invest in SME assets directly without prohibitive transaction costs.