Berlin-based fintech Billie raises USD 100 million
Berlin — Uploading open invoices and receiving the amount immediately is the business model of Billie, a young German financial technology company. Venture capitalist Dawn Capital led the $100 million funding round. The Chinese Internet group Tencent and Rocket Internet founder Oliver Samwer also participated.
The series of large financing rounds for young German financial technology companies (fintechs) continues. Berlin-based fintech startup Billie — specializing in receivables financing — has received $100 million from old and new backers, bringing its valuation to an estimated $640 million.
The greatest strategic significance, however, is the entry of the Swedish fintech group Klarna. The payment service provider had previously announced a cooperation with Billie and is taking a single-digit percentage stake. While Klarna offers services for private consumers, Billie wants to establish the same offer for business customers (B2B). Since many Klarna partners serve both private and corporate customers, Billie gains access to a large customer base. The new capital will be used to expand abroad and strengthen IT, risk management and fraud prevention.
Consultant Billie: Vogel Heerma Waitz
Dr. Clemens Waitz, Dr. Simon Pfefferle, Paul Rhode