France

[Funding alert] France-based Financing Platform Unlimitd Secures €100 Million in Funding

Dec 19, 2023 | By Startup Rise EU

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.

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.

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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."

About Unlimitd

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.

Read also - Software AG Agrees to Sale of StreamSets and webMethods to IBM for €2.13 Billion

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