Driving growth by fintech innovator

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BillFront uses its unique data-driven risk management technology to provide invoice-financing to fast growing digital advertising companies, app developers and publishers. Its innovative platform connects directly to its customers’ invoicing systems and offers flexible credit lines against future receivables, thereby freeing up large chunks of working capital.

In doing so, BillFront renders a vital service for the digital media economy, enabling its underbanked clients to accelerate their growth.

More recently, the London and Berlin-based firm has looked to secure new funding to meet fast-growing demand and continue investing in the development of its proprietary technology.

The assignment

NIBC acted as lead arranger and lender for a tailor-made structured financing solution in US$ 35 million financing round in November, 2016 to support BillFront at this decisive moment in its development.

Adding value

We are proud to have supported a start-up company with this complex and innovative transaction. The deal structure allows BillFront to receive debt funding to fuel its growth in a scalable way and in line with its operational needs.

Delivering results

The funding has enabled BillFront to execute its vision of becoming the leading alternative finance platform for digital media businesses, particularly those impacted by the long payment terms offered by many large media buyers.

 “Having talked to a lot of different banks, we were especially astonished by NIBC's ability to quickly understand our target-markets, as well as their very pragmatic and always results-oriented approach along the whole structuring process.” Christopher Vogt, Co-Founder and Managing Director of BillFront

 “The recently completed financing transaction puts us in a position to execute our vision of becoming the leading alternative finance platform for digital media businesses. This deal allows us to accelerate our own growth.” Gregor Dimitriou, Co-Founder and Managing Director of BillFront.

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