Karmen Secures €9 Million to Fuel Growth in Revenue-Based Financing for SMEs
French fintech Karmen secures €9M to expand revenue-based financing for SMEs.
Matilda
Karmen Secures €9 Million to Fuel Growth in Revenue-Based Financing for SMEs
French fintech startup Karmen has raised €9 million ($9.4 million) in a funding round led by Seventure Partners. This investment will enable Karmen to enhance its instant financing products, providing crucial working capital to small and medium-sized enterprises (SMEs) facing cash flow challenges. Addressing the SME Financing Gap Karmen specializes in revenue-based financing, a rapidly growing sector that caters to the unique needs of SMEs often underserved by traditional banks. By offering short-term loans, Karmen helps businesses address critical needs such as inventory purchases, supplier payments, and marketing campaigns. This innovative approach is particularly valuable in today's dynamic market, where SMEs require agile and flexible financing solutions. A Competitive Landscape Karmen operates in a competitive landscape, with several French players, including Silvr, Defacto, Unlimitd, and Hero, offering similar instant financing solutions. The SME financing market is highly fragm…
