Storfund raises £26.5m from Union Bancaire Privée and private investors to expand operations.
The round was led by Swiss bank Union Bancaire Privée and will help scale operations for the eCommerce funder.
Storfund is a technology driven global eCommerce funding enterprise providing working capital solutions for merchants. The company delivers cross border payments and cash advances to marketplace sellers.
Storfund has secured £26.5m in fresh capital through a funding round led by Union Bancaire Privée alongside private backers. The injection will support the firm as it expands global operations and helps online marketplace merchants unlock liquidity. In its initial 18 months, the London based business achieved rapid growth and broke even within six months, positioning itself as a leading eCommerce funder in Europe. The company plans to build on this momentum and provide significant funding volumes over the coming year.
Investor perspective
"Fintech and e-commerce are generating attractive financing opportunities."
Colin Greene
Head of Private Debt, Union Bancaire Privée
Use of funds
- 01Scale operations