# BillFront

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/billfront

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.billfront.com
- Total disclosed funding: $1.3M
- Latest round: Series A (Dec 14, 2016)
- Investors on record: 3

## About

BillFront Ltd. is a financial technology company that specializes in providing innovative non-dilutive financing solutions for digital businesses by transforming receivables into operational funding.Founded in 2015, BillFront Ltd. operates primarily from London, UK, where it offers financing solutions designed for digital businesses. The company has secured a total of EUR 1.20 mn in funding through a SEED round led by Finleap. BillFront has successfully completed three deals, the latest being on December 14, 2016.BillFront specializes in innovative financing solutions tailored for digital businesses, particularly through receivables finance. Their service enables companies to convert future revenues from digital receivables into working capital by integrating with clients' accounting and CRM systems. This allows real-time access to receivables data and eligibility assessments for financing. Their clientele includes B2B companies like app developers and marketing platforms, across markets in the United States, United Kingdom, and Europe.In 2016, BillFront generated revenue of EUR 110,455.80, primarily through its receivables finance services. The revenue model is based on a flexible drawdown loan system that allows B2B clients to access funds according to their eligible receivables with maturities ranging from 30 to 120 days.BillFront plans to leverage recent funding from its SEED round to enhance its service offerings and expand into new markets, focusing on increasing its presence in Europe and entering emerging markets by 2018. The funding raised will support the development of upcoming products designed to further optimize cash flow solutions for its clients. The company aims to solidify partnerships and create tailored solutions that address the unique financial needs of digital businesses globally.

## Funding rounds

- Series A, Dec 14, 2016 — NIBC, Finleap, 4Finance
- Seed, Jul 1, 2015, $1.3M — Finleap

## Investors

- Finleap (https://capitalatlas.ai/funds/finleap) — Seed, Series A
- NIBC — Series A
- 4Finance — Series A