Paris-based Silvr has raised a fresh round of funding from Bpifrance, Eurazeo, XAnge, Orion Chinacimpanu and Otium. The funds will help the company expand its product portfolio, particularly in the area of risk-as-a-service and capital-as-a-service.
XAnge, Otium, Bpifrance, Eurazeo and Eurazeo participate in today’s funding round
A number of healthtech startups, including Wandercraft, Aqemia, Cubyn, Doctolib, and XAnge, have participated in the recent funding round of 112mdillettechcrunch. The fundraising will fund the development of the Personal Exoskeleton.
Wandercraft is a healthtech startup that specializes in exoskeleton technology. They have secured funds from Cemag Invest and Quadrant Management. Additionally, Eurazeo and Bpifrance have invested in the company through a series C funding round. Alan Quasha is the Chairman of the Quadrant Management, while Antoine Izsak from Bpifrance joins the Board of Directors.
Aqemia is a Paris-based pharmatech company. Its AI-powered diagnostic platform allows users to perform remote medical tests. The company has raised EUR30 million in Series A funding, and intends to use the funds to expand their drug discovery pipeline. Their focus will be on immuno-oncology and other critical diseases.
Silvr’s capital-as-a-service products
One of the most innovative companies in the fintech space is Silvr. Their mission is to create a better way to finance startups and small businesses in the digital age. For starters, their proprietary platform has an impressive array of features, from microloans to debt financing. They also have a track record of putting their money where their mouth is. To date, they have invested in more than a dozen startups, securing a total of nearly EUR3 million in seed capital. In other news, Silvr is expanding its footprint in Germany. DFKP, a corporate financing platform, is joining them. This is a major coup for a fintech startup, considering the German economy is ripe for disruption.
Providing the best possible financing options is a task that requires the right technology and personnel. The company has racked up nearly twenty employees so far. They plan on hiring another one or two hundred this year.
Silvr’s risk-as-a-service products
Silvr is a fintech startup that provides risk-as-a-service products to European companies. It isn’t just about providing capital, it’s also about making life easier for entrepreneurs. Unlike traditional financing, Silvr doesn’t require hefty counterparties. Moreover, it allows users to make repayments in proportion to their turnover.
Silvr has an innovative system to score companies based on their performance on several fronts. They use a slew of data from their merchants, advertising networks, CMS, and even their bank accounts. This information is used to create a predictive model which scores their likelihood of success. Basically, it calculates the most likely outcome based on past performances. In turn, Silvr offers a range of risk-as-a-service products from marketing finance to credit risk assessment. As such, Silvr is the leading financial provider for digital companies in Europe.
It’s not a given that Silicon Valley and its ilk are the homegrown silicon juggernauts, but that doesn’t mean we can’t scavenge some of the best of the best from their ilk. Aside from a few piffier aficionados, Silicon Valley also produces a handful of techie types that are on the hunt for that big girl job. One such tycoon is Silvr, a capital aficionador that is more of a conglomerate than a startup. The company was formed in early 2014 with a $128 million debt line, making them a slick and classy bet to boot. On a more personal note, Silvr has a sexier than the usual female.
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