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Karmen secures $9.4 million for its revenue-based financing products
French startup Karmen has secured a small funding round so that it can improve its instant financing products. The company offers short-term loans to
The reason revenue-based financing has become a hot vertical is because banks and traditional financial institutions struggle to address SMEs at scale. Today’s news comes just a few months after Karmen secured a €100 million debt vehicle that serves as the basis for the company’s short-term loans. But we limit these risks through our data-driven approach, which allows us to have very granular visibility into the financial and operational performance of our clients,” Karmen co-founder and CEO Gabriel Thierry said.
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