Outfund offers online businesses capital by connecting to their revenue accounts and building same‑day funding offers using proprietary technology and simple checks, without requiring business plans or extensive risk assessments. It can deploy between £10,000 and £10m per business and bases repayment timing on an agreed revenue share tailored to each company. The firm is led by CEO Daniel Lipinski and targets businesses that take online payments, have at least £10,000 monthly turnover, and have been trading for six months or more. Outfund says it is set to lend over £500m in 2022 and expects to fund more than 5,000 businesses globally. The company plans to use new capital to expand global growth, develop new products such as working capital and revolving credit, and grow its team. Outfund has offices in Barcelona, Spain; Toronto, Canada; and Bondi Junction, Australia, and is based in London, UK. Outfund is a revenue-based finance startup that offers non-dilutive funding to online businesses based solely on revenues and performance. It provides advances between £10,000 and £2 million to companies that take online payments, requiring at least £10,000 monthly turnover and six months of trading. Outfund charges a share of revenue starting from 5 percent, with a fixed fee structure even if repayment takes longer than projected. The company uses an algorithm that pulls live data from multiple sources to assess risk and says it can provide funding of up to £2 million within 24 hours. It plans to use the new funds to offer larger financing, build new finance products, and grow the team. CEO and co-founder Daniel Lipinski previously founded and sold logistics platform ParcelBright; Outfund positions itself against competitors such as Clearbanc and Uncapped.

Total raised

$194M

Funding rounds

4

Latest round

Series A

Latest activity

Apr 2022