🔵Karmen secures $9.4 million for its revenue-based financing products
Karmen, a French startup, has raised $9.4 million in a funding round to enhance its revenue-based financing products aimed at small to medium-sized enterprises (SMEs) facing cash flow challenges. The funding includes equity from Seventure Partners and additional debt from Financière Arbevel and Bpifrance. Karmen, which previously secured a €100 million debt vehicle, provides short-term loans ranging from €20,000 to €3 million for various business needs.
Currently serving around 600 clients, Karmen emphasizes a data-driven approach to assess loan applications, utilizing about 60 financial metrics in real time. The company's strategy includes embedded financing through partnerships with fintech firms and platforms like Qonto, aiming to increase this distribution method to 75% of new clients by the end of 2025. Karmen's co-founder highlighted the importance of risk assessment technology and AI in managing loan repayments effectively.
🔵Karmen secures $9.4 million for its revenue-based financing products
Karmen, a French startup, has raised $9.4 million in a funding round to enhance its revenue-based financing products aimed at small to medium-sized enterprises (SMEs) facing cash flow challenges. The funding includes equity from Seventure Partners and additional debt from Financière Arbevel and Bpifrance. Karmen, which previously secured a €100 million debt vehicle, provides short-term loans ranging from €20,000 to €3 million for various business needs.
Currently serving around 600 clients, Karmen emphasizes a data-driven approach to assess loan applications, utilizing about 60 financial metrics in real time. The company's strategy includes embedded financing through partnerships with fintech firms and platforms like Qonto, aiming to increase this distribution method to 75% of new clients by the end of 2025. Karmen's co-founder highlighted the importance of risk assessment technology and AI in managing loan repayments effectively.
On Tuesday, some local media outlets included Sing Tao Daily cited sources as saying the Hong Kong government was considering restricting access to Telegram. Privacy Commissioner for Personal Data Ada Chung told to the Legislative Council on Monday that government officials, police and lawmakers remain the targets of “doxxing” despite a privacy law amendment last year that criminalised the malicious disclosure of personal information. Select: Settings – Manage Channel – Administrators – Add administrator. From your list of subscribers, select the correct user. A new window will appear on the screen. Check the rights you’re willing to give to your administrator. Private channels are only accessible to subscribers and don’t appear in public searches. To join a private channel, you need to receive a link from the owner (administrator). A private channel is an excellent solution for companies and teams. You can also use this type of channel to write down personal notes, reflections, etc. By the way, you can make your private channel public at any moment. The group also hosted discussions on committing arson, Judge Hui said, including setting roadblocks on fire, hurling petrol bombs at police stations and teaching people to make such weapons. The conversation linked to arson went on for two to three months, Hui said. Informative
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