Digital finance platform Tapline has scored pre-seed funding of €31.7m in both equity and debt funding.
The €1.7m equity round was led by V-Sharp Venture Studio and saw participation Black Pearls VC, Antler, 365 FinTech, Depo Ventures, Impetus Capital and several angel investors. The €30m debt funding was provided by Fasanara Capital.
Founded in 2021, Tapline offers a digital finance platform that allows SaaS companies to trade their future revenues for upfront and non-dilutive cash.
Tapline has built a platform that allows for swift onboarding, provides clients with a proprietary tech-enabled credit score, and a free financial dashboard to monitor various metrics of users’ business daily.
Companies with as little as €8000 monthly recurring revenue can trade up to 60% of their ARR into instant, non-dilutive capital. Tapline offers startups six or 12 months of upfront cash at a discount against the future value of their revenues.
Tapline CEO Dean Hastie said, “We listened to the fundraising pain points in the market, and it was clear that an alternative financing solution, that is transparent, easy to understand and offers competitive prices with no hidden costs was required.
“Ultimately, we can provide a quick, transparent, and non-dilutive capital solution to founders, so they can continue to focus on what they do best: building innovative businesses.”
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