Berlin based online invoice financing platform bezahlt.de has raised €5.5m in Series Seed funding from Redalpine, DN Capital, Point Nine Capital and Fly Ventures. bezahlt.de, which is run by Blackbill Internet, is an invoice financing company that focuses freelancers and self-employed workers.
bezahlt.de (Blackbill Internet GmbH), a Berlin, Germany-based fintech startup, raised €5.5m in seed funding. Backers included Redalpine, DN Capital, Point Nine Capital and Fly Ventures. The company intends to use the funds to scale the product in Germany and internationally. Co-founded by Naveen Prasad, Sebastian Diemer, Daniel Schlotter, and Kenan Deniz, bezahlt.de offers collateralized funding for small and medium businesses by leveraging advanced AI-powered credit scoring technology. Based on fully digital, automated and data-driven processes, the platform provides pre-financing for invoices within 24 hours without undue interference in the client relationships of their users.