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London FinTech bags £107m to combat AdTech's cash flow crisis

Summary by BusinessCloud.co.uk

A London FinTech scaleup looking to transform the digital media payment landscape has raised £107m led by one of the world’s largest asset managers. Revving says it has a fresh take on traditional invoice factoring and is intent on transforming UK competitiveness in the global AdTech market. It aims to address the crippling issue of extended payment terms that has long plagued digital industries. The investment package includes £100m of debt fu…

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fintech.global

UK FinTech Revving raises £107m to revolutionise invoice factoring in digital media

Revving, a FinTech scale-up focused on transforming digital media payments, has secured a £107m investment to address cash flow challenges in the UK adtech sector. The funding round was led by global asset management firm DWS, with £100m allocated as debt financing to inject liquidity into the digital economy. The company provides a technology-driven alternative to traditional invoice factoring, enabling faster access to working capital for busi…

10 days ago

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marcommnews.com

Revving Secures £107M to Combat UK Adtech’s Cash Flow Crisis – Marketing Communication News

Fintech Scale-Up Tackles 120-Day Payment Terms Head-On, Unleashes Industry Growth, Bolsters UK Competitiveness and Fuels £8.6 Billion Economic Impact Revving, an innovative fintech scale-up, transforming the digital media payment landscape with a completely fresh take on traditional invoice factoring set to transform UK competitiveness in the global adtech market, today announced a landmark investment of £107 million led by one of the world’s lar

10 days ago

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