Storfund, founded in 2018, addresses a critical cash flow issue within the e-commerce sector, estimated at $5 trillion. The company operates in the Fintech and Payments industries, with its headquarters in the United Kingdom.
The core problem Storfund tackles is the cash flow delay experienced by sellers on global marketplaces, where payouts can take between 20-45 days. Storfund's innovative solution ensures sellers are paid on the day they make sales, mitigating cash flow challenges that can restrict business growth.
The company has garnered recognition, being listed as one of Sifted's "Fintechs to watch.” Its significant financial backing includes a £100.00M late VC investment in October 2021 from Fasanara Capital, reflecting strong investor confidence. Storfund's position strengthens its potential for expansion and impactful disruption in the e-commerce payment space.