The equity and debt round was backed by Force Over Mass, PostFinance, 1818 Venture Capital, and Tribe Capital to fund increased lending volumes.
"Our ambition is for Outfund to be the place to go to grow your business, without compromising your equity or wasting time fundraising. This is why we have spent time developing a way to make the process of securing money for growth easier, fairer and, most importantly, faster. Our approach has been warmly received by the founders and directors so far, and now we’re looking at how we can open this up to more businesses and continue to be part of their journey to success for a long time."
The pre-seed round was co-led by Global Founders Capital and Backed VC to support the development of international credit infrastructure.
"As a result a data disparity exists that means people have to start again every time they move to another country. Our intention is to look at consumers based on their credit footprint globally, not on a country by country basis."
