# Dimpl

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

- Industry: Software
- Headquarters: Paris, France
- Website: www.dimpl.io
- Total disclosed funding: $3.5M
- Latest round: Seed (Sep 3, 2020)
- Investors on record: 3

## About

Dimpl is a financial technology company that focuses on invoice financing for small and medium-sized enterprises (SMEs) and marketplaces, providing rapid cash flow solutions within 48 hours.Founded in 2018, Dimpl operates from its headquarters in Paris, France, offering invoice financing solutions tailored for SMEs. The company was co-founded by Eric Le Barz, Jerome Kyriakidis, and Raphael KAKON, who serves as CEO. In September 2020, Dimpl raised EUR 3 million in SEED funding from investors including Bpifrance, Elaia Partners, and Idinvest Partners, valuing the company at EUR 8.15 million post-money. The company has successfully completed 2 deals since inception, reflecting its focus on enhancing financial efficiency for businesses.Dimpl specializes in invoice financing specifically tailored for small and medium-sized enterprises (SMEs) and marketplaces. The core service allows businesses to sell their invoices and receive 100% of the total amount (TTC) within 48 hours, significantly enhancing cash flow and financial flexibility. Dimpl's platform includes features for consent management, enabling users to customize their privacy settings in compliance with regulations. The company addresses common pain points related to cash flow management, late payments, and administrative burdens of client follow-ups, primarily serving the French market where approximately 80% of companies are eligible for its services.Dimpl generates revenue through its invoice financing services, which operate on a straightforward transaction structure. When a client sells an invoice to Dimpl, the company pays the full invoice amount upfront, facilitating immediate cash flow for the business. Dimpl manages client follow-ups for up to 60 days post-invoice due date through dedicated legal support. The company’s service is designed for B2B transactions, enabling businesses to leverage this financing option without the need for collateral or minimum commitments. The minimum revenue requirement for clients is set at EUR 1 million TTC, ensuring a focused client base benefiting from Dimpl's efficient solutions. In 2022, the EBITDA was EUR 0.Following the SEED funding round in September 2020, Dimpl plans to utilize the raised EUR 3 million to develop new product features that enhance its service offerings. The company aims to expand its reach beyond the French market into other European regions by the end of 2023, targeting countries with high SME activity. This strategic move is expected to allow Dimpl to increase its market presence and client base while continuing to innovate its financing solutions.

## Funding rounds

- Seed, Sep 3, 2020, $3.5M — Idinvest Partners, Elaia Partners, Bpifrance

## Investors

- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Seed
- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Seed
- Bpifrance — Seed