French-based Silvr is reimagining the way that entrepreneurs get funded. Financial businesses have failed to evolve in decades, with banks favouring fund assets despite equity not being the best fit for everyone.
The company empowers entrepreneurs by creating greater access to funding that is scalable and equity-free. Essentially, the company can finance riskier businesses that don’t have assets. It does so by leveraging businesses’ data to predict future revenues and currently focuses on eCommerce companies and SaaS startups. To promote more equality in the fintech space, 29% of Silvr financing has gone to businesses founded by women.
Companies financed by Silvr have reportedly seen, on average, 64% growth just two months after being granted capital, which, given the new funding announcement and the creation of its debt fund, puts the company in a very strong position for further uptake.
Kirsty
Company Specialist at Welcome to the Jungle