French fintech Unlimitd boosts financing capacity to €100m as ACP takes majority stake
Absolute Capital Partners (ACP) has snapped up a majority stake in Paris-based fintech Unlimitd, with the French portfolio management company set to provide the start-up with a new financing line of up to €100 million to fuel its revenue-based lending for e-commerce companies.
ACP has taken a majority stake in Unlimitd
The firms say the deal forms part of the wider launch of ACP’s subsidiary, AbsoluteCap Venture Lending, which will be dedicated to corporate financing.
Founded in July 2021 by CEO Julien Zerbib, Unlimitd provides revenue-based financing to digital companies such as e-commerce and marketplace resellers based in France.
It claims its platform can assess credit risk and offer tailored non-dilutive financing offers within 48 hours of applying, adding that it has deployed more than €30 million to “several hundred” companies in the last 18 months.
As part of its strategic partnership with ACP, Unlimitd says it will be able to lend up to €100 million over the next 12 months, with the goal to gain a stronger foothold in the French market while also expanding into other parts of Europe over 2024.
Commenting on the deal, Zerbib says the partnership with ACP marks an “important step forward” for the company and will enable the firm to “rapidly expand our presence in Europe”.
