France-based financing platform Unlimitd secures €100 million in funding from Absolute Capital Partners (ACP). An instantaneous financing platform for digital enterprises (e-commerce and marketplace resellers) has been created by Unlimitd, a prominent leader in the French digital financing sector.
As part of the establishment of its corporate financing-focused subsidiary, AbsoluteCap Venture Lending, ACP acquired a majority stake in Unlimitd.
Through this strategic partnership, Unlimitd will be able to finance itself by allocating up to €100 million in the upcoming year. By 2024, the company wants to have extended its services throughout Europe and dramatically accelerated its expansion in France.
Rudy Boukhris and Jérémie Hazan, co-founders of ACP, state: “With Unlimitd, we are confident that we have identified one of the best lending platforms in the market, equipped with robust technology, a strong brand, and an ambitious team.”
Julien Zerbib, CEO and founder of Unlimitd, concludes: “This deal marks a new milestone for Unlimitd. With ACP’s operational and financial support, we empower ourselves to realise our ambitions—better serving our entrepreneurial clients, investing in technology, and becoming the benchmark for e-commerce financing in Europe.”
Unlimitd is a revenue-based financing platform for digital enterprises that was founded in July 2021. Unlimitd, where finance and innovation converge. They offer a specialised funding option for digital entrepreneurs, not just a lender.