SellersFunding has raised US$166.5 million in fresh capital from a combination of Series A equity funding and a credit facility. The firm’s core goal is to continue optimizing its technology and payments platforms to better serve e-commerce firms.
The round was led by Northzone, with participation from Endeavor Catalyst and Fasanara. SellersFunding CEO Ricardo Pero declined to comment on the specific breakdown of the funding.
He however indicated that the firm previously raised two seed rounds for a total of US$40 million in equity and over US$100 million in credit facilities, including one that the firm plans to increase to US$200 million.
With offices located in London, Florida, and New York, SellersFunding operates a digital platform that offers financial solutions that help with streamlining global commerce for thousands of marketplaces.
Its platform helps with needs like working capital, cross-border cash management, tax solutions, and business valuation.
Since launching in 2017, the firm has amassed over 30,000 registered users and is poised to reach US$10 billion in total sales volume.
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