French lender Silvr raises $148m in Series A

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French fintech Silvr has raised $148m (€130m) in its Series A funding round.

According to information published on Tuesday (February 8th), the Paris-based company claims that the round – a mix of $20.5 million (€18 million) in equity and $127.8 million (€112 million) euros) of debt – was one of the largest financing transactions in the revenue-based financing (RBF) sector in continental Europe.

Founded in 2020 by Karimi and Grégory Tappero, Silvr provides financing to online businesses that cannot obtain bank loans and wish to raise equity. The RBF model bases loan repayment plans on the future earnings of the borrower.

Silver says the funds will be used to hire 100 employees this year — up from 20 currently — to support increased growth and expand its platform. The company also announced the creation of a debt fund and said it plans to seek banking partners this year.

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“This new fundraising reinforces our vision and our ambition: to contribute to the growth of the digital economy in Europe thanks to our unique financing platform”, declared Karimi, CEO of the company. “We will be able to accelerate our development thanks to the recruitment of a hundred employees, lay the first milestones for the creation of our own debt fund and develop technological partnerships with banks.

Silvr says it raised $3.4 million (€3 million) in seed funding last year and has backed more than 100 companies to date.

Read more: The challenges of revenue-based financing The status quo of bank lending

“It is essential for them to be able to easily access funds to accelerate the growth of their business, without having to pay expensive quid pro quos,” Silvr explains in a press release.

Silvr says its platform can adapt to all digital business models, including SaaS, subscription model, e-commerce and mobile apps.

The company uses its own internal calculator model to assess a company’s performance and growth potential to determine financing offers. This involves analyzing a wide range of data, including unique visitors, revenue, return on ad spend from paid media campaigns, churn rates, and industry-specific data.

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