RollingFunds raises over 5 million euros
"Because of Covid, the timing is excellent to make RollingFunds a leader in France and in Europe"
Bernard-Louis Roques, CEO of Truffle Capital
Incubated in 2019 by Truffle Capital, RollingFunds is raising more than €5 million from AG2R La Mondiale, reinsurer CCR, and its historical shareholders PRO BTP Innovation and Truffle Capital, as well as "a dozen business angels".
The FinTech offers a scoring and credit management solution that automates the granting of credit to VSEs and SMEs.
Its proprietary algorithms have been tested and developed over the past two years, enabling them to achieve a higher level of credit analysis for VSEs and SMEs than individuals.
This new round of financing will allow the company to invest in Data Science technology and to double its workforce with the aim of reaching 150 million euros in flows by 2022 and one billion by 2025.
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