Financing platform Levenue has acquired fellow Dutch fintech Requr in a bid to unlock a new way of funding Software-as-a-Service (SaaS) companies across Europe.
Requr is based in Amsterdam
The fintech says it aims to capitalise on the growing popularity of revenue-based-financing (RBF), which allows company founders to get funding by leveraging their recurring revenues.
RBF means investors are given a claim on revenue directly in exchange for an upfront injection of capital.
Founders do not have to give up equity or collateral, but rather a percentage of revenues or a fixed amount of periodic revenues.
Levenue says the acquisition of Requr has strengthened its position as the “one-stop go-to funding solution” for European subscription-based businesses.
Requr founders Lennard Kooy and Tom van Wees are SaaS entrepreneurs who have founded several start-ups.
Van Wees says both Levenue and Requr are on a “shared mission” to create a better funding experience for European SaaS entrepreneurs.
Levenue hopes Requr’s network of SaaS founders will integrate well with its own network of investors.
Requr’s founders also stressed that their deal flow, underwriting and data analysis model will work well with Levenue’s technological capabilities, international team, marketing strategy and experience navigating the more nuanced legal geographies across Europe.
The acquisition follows Levenue’s expansion into the Nordics, after successful launches in the Benelux and the UK.
