Billie, a Berlin-based fintech startup, has raised USD 100 million in a Series C funding round led by London’s Dawn Capital on 25 October 2021.

Investors: London’s Dawn Capital, a specialist in B2B startups, led the latest funding round with participation from internet giant Tencent and Klarna. In addition, the existing investors Creandum, Speedinvest, Picus and GFC also participated in the round.

The Objectives behind the funding: The company plans to deploy the current proceeds to continue building out the range of BNPL-type services that it provides to organizations buying goods to run their businesses, both in Europe and further afield after passing 100,000 customers earlier this year.

About Billie

Source: Company’s LinkedIn profile

Founded in 2016 by Christian Grobe, Artem Demchenkov and Matthias Knecht, Billie is the leading provider of “Buy Now, Pay Later” (BNPL) payment methods for businesses, offering B2B companies innovative digital payment services. It enables companies to pay and get paid on their own terms simply and easily through modern checkout solutions. In addition to the financing point-of-sale tool, its other main product includes invoicing services to help businesses collect money from others. Based on proprietary, machine-learning-supported risk models, fully digitized processes and a highly scalable tech platform, Billie offers freedom to big and small businesses alike through immediate liquidity, automated workflows and access to modern payment solutions. Billie employs over 130 people from over 35 countries.

What the Founder has to say:

“The reason the B2C players do not do B2B is because they see themselves as strong consumer brands,” Knecht said, pointing out how Klarna and others are increasingly raising their profile through their own apps, a window for shoppers to discover and buy goods. “They are going away from solely being a payment method and towards a shopping experience for consumers.”

What the Investor has to say: 

“As a specialist B2B investor with a deep fintech focus, we’ve been closely following Billie and the evolution of the B2B BNPL market. Over the last few years, we’ve built a trusted relationship with Matthias, Christian and Aiga, impressed by the clarity of their vision, rapid growth and deep experience not only in B2B payments but in the wider risk and regulatory landscape too. We are confident they are well on the way to revolutionising the B2B payments market and excited to join them on the journey ahead,” said Josh Bell, General Partner at Dawn Capital, in a statement. 

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Manish writes about the startup ecosystem on VCBay. He is pursuing Master of Commerce from Delhi School of Economics, University of Delhi, and is passionate about the world of finance, information technology & entrepreneurship.



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