Revving, a London, UK-based fintech startup for digital media payments, raised £107M in funding.
The round was led by DWS and included £100M of debt funding.
The company intends to use the funds to invest directly into the UK adtech sector and wider digital economy.
Led by David Mandeno, Founder and COO and Chris Pettit, Founder and CEO, Revving offers a portal that unifies sales, payments and funding information from multiple sources to provide customers with transparency and control over their cashflows, expanding the reach of their solutions and streamlining financial operations.
Key features include:
- Innovative funding model: the company has developed a new and innovative form of invoice factoring specifically for the digital sector.
- Tech-driven automated process: Using a proprietary technology platform and credit risk engine with direct integrations into digital marketplaces, Revving is able to leverage granular data to provide an automated funding solution ahead of invoice creation, allowing instant access to sales revenue, improving cash flow and reinvestment opportunities.
- Payment and credit insights: the company provides data and insights into supplier credit, payment risk and payment performance, improving market transparency and enabling better financial planning and risk management.
Revving is headquartered in London, UK, and Barcelona, Spain.
FinSMEs
13/02/2025