Levenue partners with Newfound to give SMEs access to growth capital

Levenue, a revenue-based financing platform in the UK and Europe, has formed a partnership with London-based consultancy Newfound Global to help mid-sized technology companies scale more rapidly via alternative financing options.

Through the partnership, Newfound will support its clients to access flexible financing options on Levenue’s alternative finance marketplace, ensuring they can scale without having to sacrifice equity, stake personal assets as guarantees, or incur high interest rates.

Newfound Global’s clients are, typically, boot-strapped, funded by angel investors, or post-Series A technology businesses looking to expand beyond their local market, into the UK and other regions. Among the ventures Newfound has helped are Laybuy and Cogo.

Newfound Global provides companies with market validation, insights, senior talent acquisition, and operational support to accelerate market entry and commercial objectives.

Levenue connects businesses with investors across the UK and Europe, enabling them to secure funding based on their monthly recurring revenue using Open Banking in 16 connected countries in Europe.

Its clients are industry-agnostic B2B or B2C businesses operating in the European Union, UK or Switzerland, with a recurring revenue model, more than €30,000 in monthly recurring revenue, at least six months of recurring revenue history, and revenue in euros, US dollars, pound sterling, or Swiss francs.

Since its inception in 2021, Levenue has enabled investors to provide more than 750 startups with over £700 million in total financing.

In November last year, Levenue partnered with Spendbase, a global platform that helps businesses manage their SaaS, cloud and corporate expenses, to enable mid-sized companies to automate corporate spend management and access growth capital.