{"id":535552,"date":"2022-06-07T12:38:19","date_gmt":"2022-06-07T11:38:19","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=535552"},"modified":"2022-06-07T12:38:19","modified_gmt":"2022-06-07T11:38:19","slug":"defacto-secures-e15m-to-become-europes-largest-api-first-b2b-lending-platform","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/defacto-secures-e15m-to-become-europes-largest-api-first-b2b-lending-platform\/","title":{"rendered":"Defacto secures \u20ac15m to become Europe\u2019s largest API-first B2B lending platform"},"content":{"rendered":"<p><a href=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-535553 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto-150x150.jpg\" alt=\"Defacto\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto-100x100.jpg 100w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto.jpg 200w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/><\/a>Defacto raised \u20ac15 million in a Series A round led by new investor Northzone includes <a href=\"https:\/\/www.getdefacto.com\/\">Defacto\u2019s<\/a> seed backers Headline and Global Founders Capital, and angel tickets from Thibaud Elzi\u00e8re, Rodolphe Ardant (founder and CEO of Spendesk), Didier Valet (former deputy CEO at Societe Generale), and Victoria van lennep (founder of Lendable).<\/p>\n<p>Defacto provides loans and credit to SMEs via its embedded finance platform. Its API-based product enables third parties such as marketplaces, ecommerce platforms and others to embed its products directly in their own products, integrating in a seamless way.<\/p>\n<p>\u201cCash flow and access to liquidity are once again reasons for concern due to inflation, repayment of state covid loan and rising interest rates. Traditional banking caters less to SMEs and processes are too slow. An EY study estimates that in France alone, over 40.000 businesses will fail. It was 28.000 in 2021,\u201d added <strong>Co-founder, Morgan O\u2019hana.<\/strong> \u201cWe are building a product for builders, not bankers. Access to capital should be fair and instant. Banks rely on data that is at least 18 months old and then take 4 months or longer to process loan applications. We move in real-time.\u201d<\/p>\n<p>Since its launch in France, Defacto built partnerships with over 15 leading B2B marketplaces, FinTech companies, and e-commerce businesses. It distributed over \u20ac30m in short-term loans to SMEs through partners such as freelancing platform Malt or fintechs such as Agicap or Pennylane.<\/p>\n<p><strong>Frederic Tan, Product Director at Malt<\/strong> said, &#8220;We decided to work with Defacto for its flexibility, the quality of its API, and the integration experience. They have been a great ally in our challenge to offer an even more delightful and seamless payment experience for our clients and freelancers. The team is always available and responsive: a pleasure to work with!&#8221;<\/p>\n<p>\u201cBusinesses are interacting more and more with digital platforms. Those interactions generate a large amount of data in real-time, which Defacto is leveraging to redefine how underwriting should be done. Banking institutions will never have the right information systems to process this flow of alternative data, to reach real-time and tailored lending offers\u201d shared <strong>Defacto\u2019s co-founder and CTO, Marc-Henri Gires.<\/strong><\/p>\n<p>With a new \u20ac400 million lending capacity Defacto is now rolling out its solution to Germany, the Netherlands, Belgium and Spain.<\/p>\n","protected":false},"author":16,"featured_media":535553,"parent":0,"template":"","categories":[11395,11383,11379],"tags":[11689,23679,27297,12004,11895,12916,27299,11855,11521,27298,12905,11753],"class_list":["post-535552","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-big-data","category-lending","tag-api-banking","tag-b2b-lending","tag-defacto","tag-digital-lending","tag-france","tag-funding","tag-headline","tag-loan-management","tag-loans","tag-northzone","tag-series-a","tag-smes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defacto secures \u20ac15m to become Europe\u2019s largest API-first B2B lending platform<\/title>\n<meta name=\"description\" content=\"Defacto raised \u20ac15 million in a Series A round led by new investor Northzone includes Defacto\u2019s seed backers Headline and Global Founders...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/defacto-secures-e15m-to-become-europes-largest-api-first-b2b-lending-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defacto secures \u20ac15m to become Europe\u2019s largest API-first B2B lending platform\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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