Paris-based startup Defacto has secured €15 million in fresh funding to support the growth of SMEs and underserved businesses across Europe. Defacto provides easy and instant B2B funding through its API interface that enterprises can easily embed on e-commerce platforms and other digital marketplaces. Defacto is supported by investors like Headline, GFC, and Northzone. Defacto’s products enable fintech to offer an invoice financing option to customers. B2B marketplaces can offer Buy Now Pay Later facility to buyers, while B2C firms can stock up on inventories. Another advantage of Defacto’s digital tools that allow access to real-time data is expediting the lending process that would take months for banks.
