France-based Silvr has raised â‚¬130m for its Series A investment round, which will aid its hiring efforts.Â
Backers to the round include XAnge, Otium, Bpifrance, Eurazeo and ISAI. Qonto co-founders Alexandre Prot and Steve Anavi, Luko co-founder RaphaÃ«l Vullierme, Alma co-founder Louis Chatriot and Libeo co-founder Pierre Dutaret also joined the round.
This equity boost will help Silvr bolster its development plans. As part of this, Silvr will hire 100 people across its sales, marketing, products and tech teams.
Silvr is an alternative lending platform for businesses. Its services let clients transfer supplier invoices to be paid. The clients simply pays the loan back based on their turnover.
The FinTech company previously raised â‚¬3m in a seed round back in 2021.
A handful of French FinTech companies have raised capital this year. Most recently, Pennylane closed its Series B funding round on â‚¬50m as it hopes to bolster its development efforts.
The FinTech company provides businesses with an all-in-one financial platform that can automate collection and management of invoices, and manage cashflow in real-time.
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