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Storfund set to offer US$1bn to eCommerce SMEs
The leading European financier announced the closing of a US$36.5m in a debt/equity deal
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LONDON, Feb. 10, 2021 /PRNewswire/ Founded in 2018, Storfund is a technology driven global eCommerce funding enterprise. Storfund announced today it has raised $36.5 million of capital through the Private Debt team of Swiss bank Union Bancaire Privée (UBP) and private investors. This fresh investment will be used to expand Storfund s global operations and help marketplace merchants access working capital and unlock liquidity.
In its initial 18 months of operations, Storfund has enjoyed rapid growth, fast becoming Europe s leading eCommerce funder – a feat that saw the business break even in its first six months. Between December 2019 and December 2020 Storfund saw a 1200% growth and expects to continue this growth trajectory for the next two years. This year, Sto ....

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