简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Financial technology firm, RITMO became the latest startup to receive significant debt financing for its expansion. According to the company, it has secured $200 million in a debt funding round led by i80 Group and Avellinia Capital.
The latest round was led by i80 Group and Avellinia Capital.
To date, the fintech platform has raised a total of $225 million in debt and equity financing.
With the funding, the fintech firm aims to become a prominent financing and payments platform for e-commerce. Founded in 2021, RITMO has raised approximately $225 million in debt and equity financing so far.
In a press release, RITMO also highlighted its rapid expansion in the past few months. Founded by Raimundo Burguera, Iñaki Mediavilla, Iván Peña, and Prageet Sharma, the financial technology firm achieved a 12x growth rate in the past 7 months.
“In less than a year of operations, I am proud to say that RITMO has closed one of the largest funding rounds of any e-commerce financing company in continental Europe and LATAM, backed by the renowned i80 Group and Avellinia Capital. With this new funding we aim to help thousands of e-commerce entrepreneurs scale up rapidly and overcome the current supply chain challenges by providing them with the capital and tools to effectively manage their cash flow cycles,” Raimundo Burguera, CEO and Co-Founder of RITMO, said.
Financing and Payments
Asher Hochberg, Managing Director of i80 Group, believes that innovative credit financing solutions for e-commerce entrepreneurs will transform the industry in the coming years. In the latest announcement, Burguera also highlighted the companys mission to become one of the fastest growing financial and payments platforms on a global scale.
Christoph Pfundstein, Co-founder of Avellinia Capital, said: “We are delighted to, together with i80, provide a flexible multi-jurisdiction and multi-currency financing line to RITMO to support their further growth. We have been very impressed with the RITMO team and their progress thus far and look forward to going on this journey together.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
INFINOX celebrates 15 years of success as a global leader in CFD and Forex trading, expanding its reach and empowering traders through innovative multi-asset platforms.
ATFX upgrades MT4/MT5 servers at Equinix Hong Kong and London, boosting low-latency trading, enhancing global network performance, and optimizing infrastructure.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.