NIBC continues to support software company Betty BlocksNews Release -
NIBC continues to supports the leading provider of no-code platform Betty Blocks with SaaS (Software-as-a-Service) Financing. The financing solution pioneered and offered by NIBC, has been specifically developed for the software market. After having closed the initial facility in 2020, NIBC and Betty Blocks have now completed an increase due to mutual success. With the additional funds, Betty Blocks is able to continue to drive its rapid growth. SaaS Financing especially fits fast growing and scale-up businesses that offer cloud software based on a subscription business model. In the absence of tangible assets, SaaS Financing provides an alternative for traditional equity investments and general corporate lending. Funding is provided directly based on the recurring revenue and customer lifetime value under a structure benefiting both Betty Blocks and its clients.
“Betty Blocks is fast growing and is internationally recognised as a leader in its field. With our continued expansion, we benefit from a funding solution that is both secure and provides flexibility to invest in further growth. We appreciate the in-depth knowledge of the IT industry of NIBC. With its unique SaaS financing solution we are able to better facilitate our marketing strategy and international expansion. The structure also provides us with a sustainable solution to finance future growth on an ongoing basis and remain in control over our business.” Tim Obdam, CEO at Betty Blocks