Today’s news comes just a few months after Karmen secured a €100 million debt vehicle that serves as the basis for the company’s short-term loans. Six months later, it seems like quite a few companies are now relying on Karmen to fix their cashflow issues.
According to the company, around 600 companies have used it to buy inventory, pay suppliers, finance paid acquisition campaigns and more. Loans range from €20,000 to €3 million, from 2 months to 24 months.