Outfund raises £37mn  

December 09, 2020 | Investment

Written by FinTech Alliance

Outfund raises £37mn  

Outfund, a finance provider for online businesses, has raised £37mn.  

In Brief:  

  • Outfund is a revenue-based finance startup that aims to invest in businesses without taking equity.  

  • The funding was led by Fuel Ventures.  

  • It included TMT Investment and Force Over Mass.  

What does this mean?  

Outfund says that offering revenue-based financing is a “fairer” way to help online businesses grow, as an alternative to venture capital or bank loans. It currently offers loans between £10,000 and £2mn, and with the larger funds it aims to support more businesses.  

Read more here.   

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