Berlin-based Tilta, a fintech company, announced that it has procured a €30M debt facility from Fasanara Capital. The company aims to use the debt facility to address the working capital gap in B2B transactions.
With the debt facility, the fintech company says it is now capable of financing approximately €250M in business-to-business (B2B) transactions per year.
Tilta looks forward to providing payment terms for buyers and immediate, risk-free payouts to sellers.
“We are thrilled to partner with Fasanara to provide access to a previously inaccessible asset class of short-term, small ticket, and highly liquid B2B receivables,” says Tilta co-founder Christoph Nicola.