Paris-based fintech Silvr has raised €3 million in a funding round led by ISAI, Idinvest, and Serena Capital, as well as several business angels including Marc Menasé (Founders Future), Didier Valet (ex Société Générale), Matthieu Stefani (CosaVostra), and Michaël Diguet (Algoan).
Founded in March 2020 by Nima Karimi and Grégory Tappero, Silvr has developed a financing model specifically for e-commerce players who do not have access to traditional bank loans and are seeking alternatives to equity financing. With Silvr's model, which is based on Revenue-Based Financing (RBF), startups can repay their loans based on their revenue. E-commerce merchants connect their bank accounts, or even their Spotify or Facebook Ads accounts, and funds are transferred within 24 hours.
Silvr already has around 15 clients, including LXH, Le Beau Thé, l’Intendance, and Clever Beauty.
With this €3 million funding, Silvr aims to accelerate its development in France and democratize RBF by offering its services to other players such as SaaS platforms, subscription sales, and mobile applications. The company also plans to hire ten new employees and reach 100 clients within the next 18 months.
Revenue-Based Financing is an alternative financing model that has gained popularity in recent years, particularly among startups. Unlike equity financing, where a company gives up ownership in exchange for funding, RBF offers a loan that is repaid based on a percentage of future revenue. This model has become increasingly popular among e-commerce companies, as many of them struggle to obtain traditional bank loans due to their lack of tangible assets.
ISAI is a French venture capital firm that has invested in several successful startups, including BlaBlaCar, TheFork, and Vestiaire Collective. Idinvest is a European private equity firm that has invested in over 1,500 companies in Europe and North America. Serena Capital is a French venture capital firm that invests in technology startups with high growth potential.
