Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

BILLFRONT RAISES $35 MILLION IN SERIES A FUNDING TO HELP DIGITAL MEDIA COMPANIES FUEL THEIR GROWTH

  • Investors include 4finance, NIBC Bank & existing investor FinLeap
  • London & Berlin-based company to use significant funding to expand further its alternative finance platform for digital media businesses

BillFront, a leading financial technology company which enables the digital media industry to get faster access to their media revenues, today announces the successful completion of an integrated debt and equity Series A funding round worth $35 million (£27 million).

BillFront will use this Series A funding to expand the company further, to support its fast growing customer needs as well as to continue the development of its proprietary technology and the acquisition of new talent.

Investors include 4finance, a global leader in online and mobile financing solutions to consumers and NIBC Bank Deutschland a leading provider of structured finance solutions in Europe, and as well as existing investor FinLeap, an independent fintech company builder.

BillFront uses unique technology, based on data-driven risk management methodology, which connects directly to media companies’ invoicing systems and automatically suggests eligible invoices for financing. This means that BillFront’s customers receive financing in a fraction of the time compared to traditional finance providers. BillFront works with corporate clients within the digital media space such as advertising agencies, Demand-Side and Supply-Side-Platforms, ad-exchanges, networks, as well as publishers and app developers, globally. Clients include DynAdmic, an adtech firm which uses big data to help advertisers target online users with the most relevant online video ads.

The media industry still suffers from the long payment terms offered by many of the largest media buyers, which hampers the speed at which companies in the space can grow. Conversely, it is a major advantage for ad-tech companies to be able to offer short payment terms to their suppliers. BillFront helps to bridge that gap.

BillFront was co-founded by Christopher Vogt and Greg Dimitriou. The two Co-Founders of BillFront combine several years of working experience in Finance and ad-tech. Dimitriou worked 12 years for JP Morgan in the media investment banking space and Vogt held a leading position at a major demand-side platform in Germany.

BillFront Co-Founder and Managing Director Christopher Vogt said: “There is a clear need for growth capital within ad-tech, and our solution provides an attractive alternative to expensive equity capital on one hand, and often inflexible debt financings on the other. And, we make requesting funds through our platform so seamless that our clients can focus more on their core business.” 

Thom Rasser, CEO of NIBC Bank Deutschlands, commented: “BillFront’s expertise within the fast growing ad-tech market, combined with their excellent tech-enabled risk methodology, convinced us to start a partnership with an international fintech for the first time.”

Greg Dimitriou, Co-Founder and Managing Director of BillFront concludes: “With this financing, we are adding two more strong partners that enable us to execute our vision of becoming the leading alternative finance platform for digital media businesses.”