Outfund

Outfund is the financial technical-company granting loans to entrepreneurs. According to the statement of a startup, loan granting condition in Outfund more flexible, and procedures of issue quicker, than in traditional banks.

According to developers, Outfund technologies eliminate minuses of crediting and improve financing terms, being based only on income and results of activity of businesses. The algorithm takes information from several sources, defines how the company works and also can reduce the risks connected with the offer.

History

2020: Attraction of 37 million pounds sterling of investments

In December, 2020 Outfund attracted investments in the amount of 37 million pounds sterling. Enclosed Fuel Ventures fund most. financial thatstartup TMT Investments Force over Mass took part in a financing round - also. How many money was provided by each of investors and what share he received, is not specified.

The received means of Outfund are intended to be spent for development of new products, such as working capital and credit lines and also to increase the volume of financing of business. So, according to plans of a startup, in the next 12 months of Outfund undertakes to lend more than 5 thousand enterprises for the amount more than 100 million pounds sterling and to increase the crediting limit to the companies to 2 million pounds sterling.

Outfund command

Outfund provides to the companies from 10 thousand to 2 million pounds sterling. The enterprises which accept online payments can use services, not less than 10 thousand pounds sterling have a monthly turnover and trade not less than six months.

The excellent product and the exclusive Outfund command change the market of bank lending. The new round will help the company to develop even quicker — the co-founder and the managing partner of TMT Investments venture fund Artem Inyutin said, commenting on investment into a startup.[1]

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