Funding

[Funding alert] Dutch Fintech Startup Levenue Secures €8 Million in Series A Round Funding Acquires Belgian Fintech Cake

Nov 15, 2023 | By Startup Rise EU

Dutch Fintech Startup Levenue Secures €8 Million in Series A Round Funding Acquires Belgian Fintech Cake

Levenue, a Dutch Fintech firm, raises €8 million in round Belgian fintech cake is acquired through a fundraising round. With a goal of accessing the French market in the first quarter of 2024, the company plans to use the funds to scale operations throughout the European Union.

Levenue, which serves across 12 European countries, raised €8 million in Series A funding headed by Truffle Capital and includes participation from Freshmen Fund.

Levenue, like its American rival Pipe, has established a marketplace that links institutional investors wishing to diversify their portfolios with entrepreneurs seeking growth capital—or, more precisely, bridge financing.

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This offers a chance for investors to increase profits by funding high-quality, lower-risk businesses that have the support of other investors, including venture capitalists.

Cake, which was established in 2018 and raised €4.6 million in January 2022, creates a precise duplicate of a company's profit and loss statements by utilising open banking and data enrichment technologies. Levenue's underwriting procedure will be significantly improved by the incorporation of this technology.

About Levenue

Levenue is a pan-European marketplace where businesses with recurring revenue may get low-cost, non-dilutive capital to jump-start their expansion. Currently operating in more than eight European countries, our goal is to give founders the financing option they've been waiting for.

Read also - Chasse sur Rhône-based Recyc’ELIT Raises €3.2M in Funding

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