Partnership between Levenue and Newfound enables Small and Medium Enterprises (SMEs) to secure expansion funds
Levenue, a revenue-based financing platform operating in the UK and Europe, has formed a partnership with Spendbase, a global platform for managing SaaS, cloud, and corporate expenses. This new alliance is set to help mid-sized technology companies automate their corporate spend management and access growth capital.
The partnership between Levenue and Spendbase is independent of the services offered by Newfound Global, a London-based consultancy that typically works with boot-strapped, angel-funded, or post-Series A technology businesses. Newfound Global, however, has been instrumental in supporting companies like Nuel Medical, mClinica, SonoHealth, Laybuy, and Cogo on the Levenue financing platform in the UK and Europe.
Levenue's clientele consists of industry-agnostic B2B or B2C businesses operating in the European Union, UK, or Switzerland, provided they have a recurring revenue model, more than €30,000 in monthly recurring revenue, at least six months of recurring revenue history, and revenue in euros, US dollars, pound sterling, or Swiss francs. The platform connects these businesses with investors across the UK and Europe, enabling them to secure funding based on their monthly recurring revenue using Open Banking in 16 connected countries in Europe.
Since its inception in 2021, Levenue has enabled investors to provide more than 750 startups with over £700 million in total financing. The aim of this partnership is to help these mid-sized companies scale rapidly via alternative financing options, which do not require the sacrifice of equity, personal assets as guarantees, or high interest rates.
Newfound Global, on the other hand, offers market validation, insights, senior talent acquisition, and operational support to accelerate market entry and commercial objectives. Their clients can now access flexible financing options on Levenue's alternative finance marketplace, further enhancing their ability to expand beyond their local market, into the UK and other regions.
With Spendbase's expertise in managing SaaS, cloud, and corporate expenses, and Levenue's innovative financing solutions, this partnership promises to be a game-changer for the tech industry in Europe and beyond.
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