London, United Kingdom
Storfund is tackling a critical issue in the ecommerce space with its innovative cash flow solutions. Founded in 2018 and headquartered in the United Kingdom, this company operates in a market valued at $5 trillion, addressing the prolonged payment cycles sellers face on popular marketplaces.
With more than 50% of purchases now happening via these platforms, sellers often experience a wait of 20-45 days to be paid. Storfund offers a straightforward solution: providing payments to sellers on the day their items sell. This promising approach has earned the company a spot among Sifted’s "Fintechs to watch."
The company's recent infusion of £100 million was through a Late VC investment by Fasanara Capital on 1 October 2021. This funding demonstrates strong investor confidence and positions Storfund for further expansion and innovation in solving ecommerce cash flow challenges.
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