Fulfin raises 4.35 million euros
The start-up was able to convince Hevella Capital and Lakeside with its financing solutions for e-commerce entrepreneurs.
The Munich-based start-up Fulfin has successfully completed its Series A financing round and received 4.35 million euros. Hevella Capital and Lakeside invested in the round. Stableton, a platform for alternative investments, also participated in the round with a seven-figure investment.
The company, founded by Nathan Evans and Fredi Gruber, offers financing solutions for online entrepreneurs. "Young e-commerce entrepreneurs expect a high degree of digitalization from their financing partners," says co-founder Evans. Banks are not able to meet this demand and provide quick loans. The start-up, founded in 2018, wants to approve loans more quickly and flexibly using an internally developed AI risk model. This would allow Fulfin's customers to cover their financing needs flexibly and without earmarking.
"Fulfin's unique combination of an integrated cloud-based liquidity and financial planning tool with lending is an absolute differentiating factor in the market," says Stableton Managing Partner Andreas Bezner.
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