SellersFunding closes sizable Series A on $166.5m

SellersFunding has reportedly raised $166.5m in a sizable Series A round, which will bolster its international growth.

Northzone acted as the lead investor, with other backers including Endeavor Catalyst and Fasanara, according to a report from TechCrunch.

This capital injection will be used to scale its operations around the world, expand its team, create a marketing budget and find two small acquisitions in the US and Europe. Funds will also be used to invest into its payments technology.

SellersFunding is an all-in-one financial solutions platform designed to help e-commerce merchants bolster their business. Its solutions include daily advances, digital wallet, prepaid business card, working capital, tax management and more. Clients can also use the platform to manage payments from a single location, gain insights into operations and monitor cashflow.

The company claims to have grown consistently at 300% year-over-year.

The report also stated that SellersFunding had previously raised two seed rounds that totalled $40m and secured over $100m in credit facilities.

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