Karmen, a Paris, France-based provider of an instant financing offering for digital SMEs, raised €50M in debt financing.
Fasanara Capital provided the loan.
The company intends to use the funds to expand its business reach.
Created by Gabriel Thierry, Baptiste Wiel and Sébastien Lubineau, Karmen provides an instant financing product for SMEs. Through its plug and play digital platform, the fintech allows companies to securely share data from their billing, accounting and banking suite of tools in a matter of minutes to assess credit risk and determine in less than 48 hours whether or not the player is eligible for financing. Depending on the product offered (Grow, Runway, Invoice), a company can obtain 100% non-dilutive financing, ranging from €10K to €5M, within 48 hours.
Originally specializing in Revenue Based Financing for recurring revenue companies, Karmen is now extending its offer to all digital VSEs/SMEs, to better respond to their quest for financing in a changing macro-economic context. In January 2022, the company raised €22M including €3M in equity and €19M in debt from a UK based Fasanara.
FinSMEs
28/11/2022