Tech

Telecommunications finance company Lenderwize completes € 100 million Series E1 round

London-based Lenderwize has closed its Series E1 round of funding with a € 100 million investment from Fasanara Capital.

Lenderwize Funds Telecommunications Companies

FinTech provides embedded finance through the digital marketplace of the telecommunications sector.

Lenderwize states that it will use the new capital for international expansion. This includes starting operations in France, Germany, Spain and the United States during 2022.

Fasanara is an investor in FinTech lending in Europe with a focus on raising corporate accounts receivable and working capital.

Founded in 2016, Lenderwize provides funding to help carriers solve cash flow issues. This allows investors to purchase invoices to get digital products such as voice, data and digital content from their providers.

Its clients include voice, SMS and data carriers, mobile operators, digital content suppliers, direct carriers billing aggregators and video streaming providers.

Lenderwize’s platform provides investors with proof of service by sharing the characteristics of each product, such as call duration, origin, destination, and cost. Validate this data in real time to validate the services offered on each invoice.



Telecommunications finance company Lenderwize completes € 100 million Series E1 round

Source link Telecommunications finance company Lenderwize completes € 100 million Series E1 round

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