Fulfin raises 4.35 million euros
Janina Gerhardt
| 30.08.2022
The start-up was able to convince Hevella Capital and Lakeside of its financing solutions for e-commerce entrepreneurs.
Munich-based start-up Fulfin has successfully closed its Series A financing round, receiving €4.35 million. Hevella Capital and Lakeside invested in the process. Stableton, a platform for alternative investments, also participated in the round with a seven-figure investment.
Founded by Nathan Evans and Fredi Gruber, the company offers financing solutions for online entrepreneurs. "Young e-commerce entrepreneurs expect a high level of digitalization from their financing partners," says co-founder Evans. Banks, he says, are unable to meet this demand and provide fast loans. The startup, founded in 2018, aims to approve loans faster and more flexibly using an internally developed AI risk model. Fulfin's customers would be able to meet their financing needs flexibly and without earmarking.
"Fulfin's unique combination of an integrated cloud-based liquidity and financial planning tool with loan approval is an absolute differentiator in the market," said Stableton Managing Partner Andreas Bezner.
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