SellersFunding announces major Series A funding round
SellersFunding, which provides financial solutions for sellers on Amazon, Shopify, Walmart and other marketplaces, has secured $166.5 million in a combination of equity and credit facility, with a Series A round led by Northzone, and also involving Endeavor Catalyst and Fasanara.
The investment will see SellersFunding enhance its technology and payments platforms, and support its operational and international expansion.
As a US headquartered company, SellersFunding will continue to expand across North America, and also the United Kingdom, continental Europe and Australia.
The cash will also be used to bolster sales and marketing efforts.
“E-commerce is exploding, but we are still lacking sufficient financial solutions that serve the small, international merchants driving this boom,” says Jeppe Zink, General Partner at Northzone.
“By offering seamless access to non-dilutive capital, SellersFunding is doing a superb job at meeting sellers’ needs. We have been amazed by Ricardo and his team’s ability to redefine business lending and become leaders in this category.”
-
Southeastern Grocers, parent company of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is deployi… https://t.co/Q5En8j6cEc -
Check out the week's coolest retail technology plays, including @obsessVR @OcadoGroup @AEON_JAPAN @braincorp… https://t.co/RH2BIf6Jol
-
RTIH presents the retail technology week in numbers, including @CovariantAI @RetailTechShow @DennysDiner… https://t.co/WURUUgdCr0
-
Our Editor @ScottThomps74 rounds up the biggest retail tech stories from the past week including @BootsUK… https://t.co/IWj7BebUB1
Continue reading…