Best Revenue-Based Financing Companies in 2023 to consider

The market size of Revenue-based Financing is forecasted to increase to more than $42 billion by the year 2027 according to this Allied Research piece, with some of the best revenue-based financing companies playing a major part in this development. These RBF companies in Europe allow businesses to generate significant funds without the need for any equity sharing and the repayments are collected as a certain percentage of the revenue generated by the businesses every month.

The RBF companies in Europe and globally have played a critical role in funding startups and businesses, thus nowadays, being the popular go-to funding choice for most emerging startups. Irrespective of your business seeking RBF or exploring different funding opportunities available, we have today listed some of the best revenue-based financing companies so that you can choose only the best for your business!

 RBF companies in Europe, RBF companies

Best revenue-based financing companies

1. Clearco

Earlier known as ClearBanc, Clearco was founded in the year 2015 in Canada and offers funding capital to e-commerce businesses, Saas companies, and mobile apps. It enjoys a wide range of customer base from the UK, Australia, Canada, the USA, and Ireland.

Clearco has successfully raised $310 million including in 4 funds and an overall amount of $698.6 million in 6 rounds in the year 2022 which has been pivotal in providing funding for e-commerce businesses and Saas companies over different countries. Although it is operational in the above-mentioned countries, it is also offering capital to companies globally.

Without demanding any equity, it offers fund capital ranging from $10k to $20 million to businesses that generate $10k revenue monthly. There is also another criterion that the companies applying for funds should be a corporation or an LLC.

2. Booste

Booste is one of the best revenue-based financing companies companies in Europe established in the year 2020 in Poland. It principally focuses on European startups and asks for an explicit rate of 6% on the repayments to be received as well as flexible payback conditions for the e-commerce businesses.

This Polish RBF company has raised €12 million in 2021 through a Series A round which will boost their service expansion plans to the UK and the whole of Europe, while primarily focussing on expansions in Ireland and Netherlands and later to other European countries. With this funding, it also aims to create a content-based platform where entrepreneurs can have access to and understand necessary tools and information around finance.

With an overall funding amount of nearly $70 million, Booste aims to offer necessary funds for the e-commerce companies by assessing the revenue history of the businesses for the past 6 months to provide them with the finances.

3. Re:cap

Re:cap is a revenue-based financing company founded in Germany in the year 2021 that offers funds to businesses throughout Europe. It offers funds specifically for Saas businesses and software companies with subscription-based business models.

This German revenue-based financing company has raised $111.5 million in a seed round that included a combination of growth capital as well as liquidity. It aids in the progress of the revenue businesses by offering them the opportunity to translate nearly 50% of the total ARR generated into instant cash.

With total funding of around $128M, it offers a fixed interest rate on the repayments and doesn’t seek any equity share or collateral for the investments made while concentrating on the businesses with recurring revenue business models.

4. Viceversa

Established in the year 2021 in Italy, Viceversa is an RBF company in Europe that provides funding capital to online businesses from all over Europe. It focussed on companies with subscription models, Saas businesses, e-commerce businesses, and online retailers.

With a combination of funding raised through €3M in the form of equity and €20M in the form of debt, Viceversa has put its spotlight on long-term expansion and business development strategies such as partnerships with VC funds, e-commerce, and marketing companies. Infact, new funding news is coming soon, so stay tuned!

Viceversa has total funding of €23 million and offers finances to startups with monthly revenue of at least €10k. The businesses need to show more than 6 months of sales and growth records along with their financial statements for which Viceversa can offer funding from €10k to €1 million. The funding amount is dependent on the revenue history of the businesses.

5. Ritmo

Ritmo, one of the European RBF companies, was founded in the year 2021 in Spain and offers financing opportunities for startups. Ritmo funds e-commerce businesses, Saas companies, application and game developing companies, and direct-to-consumer businesses.

Raising funds of €13.8 million in a seed round in 2021 and an additional $200 million in debt funding in the year 2022, Ritmo is passionately focused on offering funding capital to more than 2,000 e-commerce businesses and other companies in European and Latin American countries.

Ritmo has total funding of nearly $220 million and provides funding starting from £50k to £3 million to startups and businesses. The rate of repayments is associated with a fixed rate by Ritmo and doesn’t include ownership dilution or stock guarantees or undisclosed charges. For your business to be eligible for funding from Ritmo, you need to show a monthly history of recurring revenue of a minimum of £10k.

6. Karmen

Karmen is another one of the best revenue-based financing companies founded in the year 2021 in France that also offers funds to several startups, direct-to-consumer businesses, Saas companies, and businesses that have continual revenue structures.

In the year 2022, Karmen raised a fund of nearly €22 million making it an essential RBF player that helped them fund several startups and e-commerce businesses for companies established in France. It specifically targets startups and businesses that have a subscription business model to earn their revenues.

With nearly €72 million in funding amount, Karmen provides funds to their customers at nearly 40% of the company’s ARR. The companies applying for funds with Karmen have to indicate at least €10k revenue each month for which it charges a fixed interest rate without the need for ownership dilution.

7. Wayflyer

Wayflyer was established in the year 2019 in Ireland and is considered one of the best revenue-based financing companies. Operating from Ireland, it offers funding options to startups and e-commerce businesses from different regions such as Australia, the United States, New Zealand, the UK, Spain, Belgium, The Netherlands, Sweden, and Ireland as well.

At a valuation of $1.6 billion, Wayflyer has been successful in raising $150 million last year which it plans to focus on expanding the company’s growth and the technology used to provide better funding opportunities for its customers. They have been evolving substantially over the last 3 years with nearly 65% of its customers belonging to the United States and North America and the rest in Europe and Australia.

With a fixed rate for the repayments, Wayflyer offers funds from $10k to $20 million for e-commerce startups that can demonstrate monthly revenue of at least $20k.

8. Outfund

Outfund is a revenue-based financing company established in the UK in the year 2017 that provides funds to e-commerce businesses, B2B companies, SaaS companies, and mobile applications. It is actively present in the USA, Australia, the UK, and Spain and serves a huge customer base.

It successfully raised £115 million in a series A round last year that included equity capital as well as debt fund that has helped them to cater to the growth of SMEs by providing funds faster and in a budget-friendly way. With this, they also aim at providing fund capital of more than £500 million to nearly 5,000 businesses in a more profitable way.

Outfund has a total funding amount of approximately £152 million and offers funds at a minimum of £10k to a maximum of £2 million. They offer a fixed interest rate on the repayments for companies that have at least £10k in revenue each month.

9. Silvr

Silvr is one of the popular RBF companies in Europe founded in the year 2020 in France that offers funding opportunities to companies that are operational in France and more European countries. It provides capital to Saas companies, marketplaces, direct-to-consumer brands, e-shops, and more.

They raised €3 million in a seed round in the year 2021 and an amount of €130 million last year which has helped them in offering funds to its customers within a matter of 24 hours. The companies that received funds from Silvr have witnessed 64% growth within just two months of receiving the capital. Additionally, they offer a straight 29% financing option for companies founded by women.

Silvr has a total funding amount of €133 million and offers funding capital of at least €10k to a maximum of €10 million. The companies applying for funds need to demonstrate a recurring revenue of €10k each month for which Silvr offers a fixed repayment interest with no equity sharing.

10. Uncapped

Established in the year 2019, Uncapped is one of the best revenue-based financing companies based in the United Kingdom that offers fund capital to companies throughout Europe. It mainly focuses on startups with a subscription model, Saas startups, e-commerce startups, and direct-to-consumer businesses.

Backed up by a financing of $26 million from Mouro Capital that included a combination of debt fund and equity exchange, Uncapped has witnessed significant growth over the past years. This has helped them to cater to the needs of European entrepreneurs that seek flexible and equal financing opportunities.

Uncapped has successfully raised a total funding amount of $118.9 million and offers funding capital ranging from €10k to €5 million. The companies applying for funds from Uncapped have to show revenue of at least €10k each month for a total of 6 months.

11. Liberis

Liberis was founded in the year 2007 in the United Kingdom and offers revenue-based financing services specifically to small businesses belonging to varied sectors. It is accessible to companies operating in the United States, the UK, and the whole of Europe.

Last year, Liberis successfully raised £140 million from Barclays Bank PLC and BCI Finance which has strongly aided them in their growth and expansion strategies. Recently, they have also raised €30 million through debt funding in a round governed by Silicon Valley Bank UK which it aims to use for expansion in Germany and Poland.

It now has a total funding amount of €430 million that it utilizes to fund the companies that have been operational for 4 months or less. The companies seeking funds from Liberis need to demonstrate monthly revenue of at least £2,500.

12. Pipe

Founded in the year 2019 in the United States of America, Pipe is a revenue-based financing company that offers fund capital to SaaS startups, direct-to-consumer businesses, and service companies as well.

Pipe has raised funds of $50 million through equity funding and an additional $250 million in the year 2021 which values the company at $2 billion. With over 4,000 companies registered on its platform, Pipe has seen amazing growth since its official launch in 2020. Recently, they have acquired Purely Capital which is a financing company dealing with the media and entertainment industries. This will strongly assist with the expansion of Pipe in other sectors besides the Saas and software companies.

They have successfully raised a total funding amount of $316 million with nearly 25% of their customers currently from the non-Saas sectors. Companies seeking fund capital from Pipe have to show an annual recurring income of at least $100k.

To conclude…

Now that we have a summary of some of the best revenue-based financing companies, are you looking for a revenue-based financing company that is local to where your business operates? It is also important that you check their eligibility requirements, overall cost, collateral or security requirement, and funding terms and conditions set by the company for a smooth funding experience. So hopefully this list a good one to help you make this important decision.