Revving funding news – Fintech scaleup Revving Secures £107Million in Funding

The service is available through an easy-to-use online portal, where users can track real-time commission data, access early payments, and create detailed financial reports.

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It aims to solve the issue of long payment terms that often hurt digital industries, causing cash flow problems and slowing growth. Their platform uses advanced technology and credit risk tools to provide an automated funding solution, directly integrated with digital marketplaces.

Chris Pettit, CEO. Adtech contributes £129B to the UK economy and supports over 2 million jobs said, “Over 50,000 UK businesses went under last year due to late payments. We are on a mission to eradicate this and this strategic investment is a game-changer for Revving and the entire digital economy.”

Kevin Edwards, founder and director, APMA, added: “UK affiliate marketing faces a funding bottleneck, with access to growth capital at an all-time low. The industry represents the best of UK entrepreneurship, and this cannot be jeopardised by sluggish payment systems. It is leading the way in enabling faster access to affiliate commissions, allowing affiliates to reinvest for growth.”

David Lloyd, Chief Customer Officer of Awin, a strategic partner of Revving said, “Payment speed is critical for Publisher and Affiliate growth and success, and Awin is delighted to make payments faster than ever via our partnership with Revving,".

About Revving

Revving is changing the way factoring works for digital businesses. Online traders often have to wait up to 90 days or more to get paid for sales made through third-party platforms. These payments are usually small and come in different currencies, making it hard to manage cash flow and fund business operations or growth.