Dutch SME lender Finturi raises €2m funding
Netherlands-based SME lender Finturi has raised an angel investment of €2 million from NetSam Participaties.
There are no specifics but Finturi plans to invest these funds for product development.
Founded in September 2018, it offers invoice financing. The firm says it connects businesses with financiers and helps businesses borrow money against invoices.
It provides financiers with a platform where they can lend money to businesses and earn returns.
Finturi says it uses technologies like blockchain and artificial intelligence (AI) to make invoice financing cheaper.
Johannes Brouwer, CEO Finturi, comments: “Even though small and medium enterprises contribute significantly to the economy, it is often challenging for them to raise working capital. The newer the business, the higher difficulty it faces to raise working capital. We want to solve this problem. We want to build a robust product that enables businesses to get a loan against invoices within 24 hours. We want to provide financiers with a platform for investing in invoices with minimum hassle.”
Finturi is currently building its invoice finance platform, which is scheduled to launch in Q3 this year.
The team says a later version of the platform will be completely peer-to-peer and will also include clients of businesses.
Its end goal is to optimise the entire supply chain financing with the use of blockchain and AI.
Finturi is based in the Hague and currently has 12 staff.