Leading investors double-down on the FinTech fulfin, as they record ten-fold growth after the past 12 months

fulfin, the Fintech platform for working capital financing solutions for e-commerce companies and digital business models, was founded two years ago by alternative lending experts Nathan Evans and Dr. Alfred Gruber. Their last funding round closed over a year ago - and with the business reporting ten-fold growth since then - existing investors double-downed by committing a mid-seven digit financing round, which the company intends to close by early next year.

fulfin is an alternative credit platform that redefines working capital financing for e-commerce companies. fulfin's proprietary risk scoring and collateralization model evaluates creditworthiness by analyzing banking and e-commerce data to find the optimal financing for working capital. Banks have difficulties with such flexible financing options for online brands. "In addition, it is very important for our customers to grow as fast as possible and to tap their full potential without wasting critical months searching for investors" describes fulfin Co-Founder Dr. Alfred Gruber, "and even if they succeed, with fulfin there is usually more profit at the end".

Since the outbreak of COVID-19, online sales have been booming, which is why fulfin was able to impressively increase sales throughout the period. Additionally, fulfin was able to bring well-known partners on-board and has recently cooperating with Penta Bank and a number of other well-known partners.

Experienced investors stand behind the business model, support further expansion and growth

With an investment in the mid-seven digit range, the company wants to take the next steps and continue to grow.

Hevella Capital, which has supported the fulfin team from the beginning as an experienced Fintech investor, is again participating substantially in the round, as is Lakeside Beteiligungs AG. With the new round of financing, fulfin is financially well positioned to continue to develop its product and team in a targeted manner and to continue on its growth path.

"We are very happy with fulfin's success and look forward to accompanying the fulfin team in continuing the impressive development of the company. The team has the right combination of expertise in bank-independent financing, e-commerce and risk management", says Markus Kreipl of Hevella Capital. "Last but not least, the self-developed platform as well as the risk scoring model provide the essential basis for redesigning working capital financing for e-commerce merchants in an innovative way".

Further products for online companies already under development

fulfin will use the investment round to further develop its lending platform and proprietary scoring algorithm, and continues to establish itself as a leading financial partner for the e-commerce industry.

"Our strong growth proves that there is a strong need for an innovative financial partner that is specialized in online business. We see an exciting opportunity here to help thousands of e-commerce companies across Europe improve their liquidity and sustainably finance their growth," says fulfin co-founder Nathan Evans.

isarlend GmbH
Agnes-Pockels-Bogen 1
80992 München

Building a business is not always easy. That's why we support companies when they need our help most. We help scalable businesses and provide them with the resources they need, exactly when they need them. Finding the right partner is difficult, especially when it comes to financing growth. That's why companies should look for a partner that offers not only funding, but also advice and expertise.

This release was published on openPR.