Billfront, a fintech startup, has raised a Series A round of $33 million in both equity and debt funding from NIBC Bank, 4Finance, and the FinLeap incubator.
Billfront gives digital media companies, publishers, and app developers faster access to cash flow, on a weekly basis, by providing advanced revenue on outstanding payments.
The German-founded startup, with offices in London, plans to use its new funds to further build out its technology and double its staff, which is currently at 17. According to Gründerszene (German), the startup is in the midst of forming a partnership with Berlin fintech company solarisBank.
Billfront was cofounded by Gregor Dimitriou and Christopher Vogt at the FinLeap incubator in Berlin and previously raised €1.2 million in a seed round last year.