Karmen, a French startup, has raised €9 million in a funding round to improve its instant financing solutions for SMEs facing cash flow challenges. The investment includes equity from Seventure Partners and debt from Financière Arbevel and Bpifrance. With about 600 businesses utilizing its services, Karmen offers loans ranging from €20,000 to €3 million to address working capital needs, while capturing a substantial share of a market neglected by traditional banks due to its fragmented nature. The startup experience shows high customer loyalty, evidenced by repeated engagements with existing clients.
Karmen secured a €9 million funding round to enhance its instant financing products for SMEs, addressing the gap left by traditional banks in short-term loans.
With around 600 SMEs benefiting from Karmen's loans, the company is proving to be a crucial player in the fragmented revenue-based financing market for quick access to capital.
Collection
[
|
...
]