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French FinTech Silvr has raised $148 million  130 million euros  in its Series A round of funding.According to published reports Tuesday  Feb.8 , the Paris-based company says the round 鈥?a mix of $20.5 million  18 million euros  in equity and $127.8 million  112 million euros  debt 鈥?was one of the largest funding operations in the revenue-based financing  RBF  sector in continental Europe.Founded in 2020 by Karimi and Gr茅gory Tappero, Silvr provides funding to online businesses that cant get bank loans and want to raise equity capital. The RBF model bases loan repayment plans off a borrowers future revenues.Silver says the funds will be used to hire 100 employe kubki stanley es this year 鈥?up from its current 20 鈥?to support increased growth and develop its platform. The company also announced the creation of a debt fund and says it plans to seek banking partners this year.Related news: Flexible Credit Options Help Software stanley germany   stanley cup Startups Balance Growth, Liquidity This new fundraise reinforces our vision and ambition: to contribute to the growth of the digital economy in Europe thanks to our unique financing platform,  said Karimi, the firms CEO.  We will be able to accelerate our development thanks to the recruitment of around a hundred employees, set the first milestones in the creation of our own debt fund and develop technological partnerships with banks. Silvr says it raised $3.4 million  3 million euros  in seed funding last year and has backed more than 100 companies so far.Read more: Rev Wuzt How Digitizing India   s Food Supply Chain Promotes Payments Modernization
Days after announcin stanley cup g a collaboration with Wirecard Card Solutions, U.K.-based startup Soldo has announced new funding.Soldo raised $11 million in Series A funding from Accel, reports said Wednesday  June 21 , as the company continues to strengthen as a corporate finance solution. We were delighted our business account was first to market in the U.K., offering companies an entirely new way to automate company-wide expense accounting, effectively eliminating the workload required to manage cash advances for employees  stanley cup and track company cashflow,  Soldo founder and CEO Carlo Gualandri said in a statement. Since launch, we knew that businesses loved what we had to offer, and bringing Accel on board as part of our Series A is testament to the hard work and dedication of our experienced team,  he continued.  Were looking forward stanley france  to growing Soldo Business across Europe and rolling out our marketing strategy, bolstered by one of the worlds most notable venture firms. Accel partner Sonali de Rycker will join Soldos board, reports added. Were excited to be backing a truly world-class team with deep experience in both financial services and software, which is the killer combination needed to win in the spend management category,  De Rycker said.  Soldo has started in two markets it knows well鈥?the U.K. and Italy, but spend management is a global pain point for small businesses that we feel is ripe for change. Soldo originally launched as a solution for parents to give their children an