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Outfund
Revenue-based financing for online businesses
- 21-100 employees
- Fintech
- B2B
- Fundraising
- Financial Services
- SaaS
- Holborn, London, UK
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Company mission
Outfund's mission is to be the place to go to grow your business without compromising equity or wasting time fundraising.
Our take
Existing financing solutions for online businesses are far from optimum and not aligned with company goals of revenue generation and equity retention. To remedy this, Outfund has set out to create a fairer way for online businesses to grow fast. Based solely on revenues and performance, and targeting businesses that take online payments, Outfund currently offers between £10,000 and £2 million in funding. Companies must have a minimum of £10,000 monthly turnover, and must have been trading for at least six months.
Outfund charges a share of revenue, one fixed fee of 5% regardless of how the funds are spent. This is different from other providers in the space who charge an increased fee if the funding is used for stock as opposed to marketing.
Armed in 2022 with fresh capital, Outfund has big ambitions for rapid global growth. It is now pledging to invest more than £500m in lending to over 5,000 businesses over 2022 and 23 and will increase its lending limit to £10 million per company to open up to more businesses.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Private Healthcare
- Discounted gym membership
- Flexible-Remote working
- Device of your choosing (MacBook Air or Dell XPS)
- 24 Days Holiday (excluding Bank Holidays)
- Your Birthday off!
- Support and Coaching
- Unlimited barista coffee!
- Regular team Happy Hours and events!
- Company Swag
- Perkbox Benefits and Discounts
Company values
- 🚀 Entrepreneurship
- 🎮 Ownership
- ⚖️ Balance
- 🧠 Growth Mindset
- 🤝 Trust
- 🤗 Empathy
Funding (2 rounds)
Apr 2022
$19m
SERIES A
Dec 2020
$23.5m
SEED
Total funding: $42.5m
This company has top investors
Leadership
Daniel Lipinski
(CEO)Founded and sold logistics platform ParcelBright.