Fintech startup InvoiceFinance raised €3,4 million in fresh funding. The Dutch startup, based in Den Bosch, finances outstanding invoices for small and medium sized companies, allowing them to receive their money faster. New investors are Peak Capital and Kalo Bagijn, founder of Binck Bank.
What’s in a name
InvoiceFinance does exactly what its name says: financing outstanding invoices. It is a marketplace where entrepeneurs and companies can shop for capital provided by professional investors. “The money that is locked in outstanding invoices for 30, 60 or sometimes even 90 days is exactly what many companies need to grow or pay their bills” said Sven van der Biezen, CEO of InvoiceFinance. The fintech startup will use the new funding to hire new talent and accelerate their growth.