Fulfin secured Hevella Capital and Lakeside for its pre-seed financing in 2019. A year later, the two investors followed up with another seven-figure investment. Now, they're back in the Series A round, additionally supported by the alternative investment platform Stableton.
Fulfin provides e-commerce companies with working capital and accepts the companies' goods as collateral. This allows online shops to quickly raise funds, for example, to purchase new goods. Fulfin uses a proprietary risk scoring system and a proprietary collateralization model, with which it assesses creditworthiness by evaluating bank and e-commerce data. In addition, it focuses on the startup but also on the development of analysis and benchmark products.
"Based on both the automated evaluation of financial transactions and benchmarking of several thousand e-commerce retailers, we can provide our customers with flexible working capital exceptionally quickly. With the completion of the new financing round, we are now able to exploit the immense market potential of innovative financing solutions for e-commerce companies even more effectively."
explained Alfred Gruber, one of the two founders of Fulfin.
"E-commerce in Germany is growing six times faster than brick-and-mortar retail. Young e-commerce entrepreneurs expect a high degree of digitalization from their financing partners. However, banks are unable to meet this demand and the increasing demand for fast and easy loans,"
leads Fulfin co-founder Nathan Evans further out.
Fulfin is supposed to “revolutionize finance”
"Fulfin is developing a lending technology that will revolutionize finance. Fulfin's unique combination of an integrated cloud-based liquidity and financial planning tool with lending is a definite differentiator in the market. This perfectly combines technology and financial services expertise to offer customers a first-class product, which will also be reflected in Fulfin's business success."
says Stableton Managing Partner Andreas Bezner.
In addition to the investment, Fulfin was able to enter into a cooperation with Varengold Bank, which has served as a banking-as-a-service and financing partner since May 2022. This collaboration also enables the company to meet the strong demand for lending.
