Rabo Frontier Ventures teams up with online marketplace Ageras

Thursday 25 June 2020 09:58 CET | News

Rabo Frontier Ventures (RFV), the strategic investment fund of Rabobank, has partnered with online marketplace Ageras

The deal requires the acquisition of Tellow by Ageras Group as part of its international expansion plans. RFV started Tellow as an internal project at Rabobank but spun-out from the bank in 2018. Tellow offers an accounting tool for freelancers. Tellow will continue to offer its services under its own brand name, according to the official press release.

Ageras connects SMEs and microbusinesses in Scandinavia, Western Europe, and the US with professional service providers such as accountants and bookkeepers. Ageras has now acquired Tellow, while RFV will use its current equity stake in Tellow plus an additional investment to acquire a minority position and a board seat in Ageras Group. RFV and Rabobank see Ageras as a partner and intermediary in the SME financing market. Rabobank is interested in exploring further possibilities of jointly developing financial services for the SME/microcompany lending market in the Netherlands and leveraging digital channels.

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Keywords: Ageras Group, RFV, Tellow, startup, Rabobank, online marketplace, accounting tool, freelancers, SMEs, microbusinesses, SME financing market, lending market, digital channels
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech