Become, an SMB lending FinTech, has closed a $10mn Series A funding round.
The funding round was led by Benson Oak Ventures and Magenta Venture.
The company also gained $12.5mn in venture debt from Viola Credit.
Become is based in Tel Aviv and San Francisco, and was founded in 2016.
What does this mean?
Become is so called because it aims to enable SMBs to ‘become’ the businesses they aspire to be. It does this through removing friction and barriers and trying to offer a new model which benefits both lenders and small businesses. This funding will enable it to scale up its operations in the US and Australia.