French startup Silvr has raised a $20.6 million (€18 million) Series A funding round and has opened a $128 million (€112 million) debt line for its activities. Silvr wants to offer new credit opportunities for e-commerce and software-as-a-service companies. Essentially, it wants to bring the Pipe and Clearco experience to Europe.
XAnge, Otium, Bpifrance, Eurazeo and ISAI are participating in today’s funding round. Some business angels are also investing, such as Alexandre Prot, Steve Anavi, Raphaël Vullierme, Louis Chatriot and Pierre Dutaret.
Started in 2020, Silvr has already financed 100 companies, such as Cuure, French Bandit, Almé Paris and Emma&Chloé. Unlike VC funds, Silvr offers capital but doesn’t take any equity. And unlike traditional banks, Silvr can finance riskier businesses that don’t have assets.
When a company applies to unlock some credit with Silvr, they grant access to various data sources — the corporate bank account, Google Analytics, an e-commerce platform such as Shopify, the platform that you use for payments such as Stripe, etc.
Silvr…
