TuningBill operates as a B2B neobank offering fast, flexible BNPL loans (secured and unsecured) to importers and e-commerce traders and provides non-lending services such as warehousing/fulfilment, FX and remittances, and receivables insurance/recovery. The company offers basic banking services and inventory/business tools for free and plans to roll out credit cards. It currently operates in the UK, Europe and the USA and plans near-term expansion to Dubai, India, Singapore and Hong Kong. The business has announced collaborations with top container terminal operators to originate and select customers. TuningBill says the new capital will help it move beyond break-even and become recession-proof. Management targets growing its loan book to north of USD 200m and scaling non-lending revenues.

Total raised

$22M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2022