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.
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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.
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.
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.