Unlimitd scales to €100m with ACP majority stake – Fintech Futures

  • Absolute Capital Partners (ACP) has taken a majority stake in French fintech firm Unlimitd, enhancing the latter’s financing capability to €100 million.
  • The strategic partnership forms part of the wider launch of ACP’s subsidiary, AbsoluteCap Venture Lending, which focuses on corporate financing.
  • Unlimitd, founded in 2021 by CEO Julien Zerbib, provides revenue-based financing to digital and e-commerce companies, deploying more than €30 million over the past 18 months.
  • With the deal, Unlimitd aims to gain a stronger presence in the French market and expand further into Europe in 2024.

Launched in July 2021, Unlimitd offers revenue-based financing solutions for digital companies such as e-commerce and marketplace resellers based in France. The fintech firm has developed a platform capable of assessing credit risk and offering tailored non-dilutive financing offers within 48 hours of application. Over the past 18 months, the company has disbursed over €30 million to several hundred companies.

Following the new partnership with ACP, Unlimitd will be able to offer up to €100 million in loans over the course of the next year. This development is a crucial element in their strategy to establish a stronger stake in the French market, while preparing for expansion into other parts of Europe over 2024. CEO Julien Zerbib has marked this partnership with ACP as an “important step forward” for the company and sees it as a significant opportunity to rapidly expand their presence in the European marketplace.

The acquisition forms a part of ACP’s wider launch of its new subsidiary, AbsoluteCap Venture Lending, which is dedicated to corporate financing. This move aligns with ACP’s efforts to diversify their portfolio and invest in promising financial technology companies, contributing to the flourishing fintech landscape.