Lendtech DBT Raises $284m Led by NatWest and Värde Partners
Stockholm-based lending fintech DBT has secured SEK 3.1 billion ($284m, €287m) in financing from UK retail bank NatWest and US investment firm Värde Partners.
The financing will increase DBT's lending ability to Swedish small and medium-sized growth companies, allowing it to meet an increased demand for such financing.
DBT CEO and co-founder Alexis Kopylov says the ongoing energy crisis, inflation increases, and rising fuel prices are piling on the pressure for companies, "making it more important than ever to have access to flexible, but long-term financing like the one we can offer."
"This is a milestone for DBT that allows us to support even more growing small and medium-sized growth companies throughout Sweden at a time when it is most needed," Kopylov adds.
Founded in 2017, DBT’s credit analysis tech platform analyses real-time data from companies looking for financing in order to provide a more accurate risk assessment and speedier decision times.
DBT says its platform has enabled the firm to lend more than SEK 2 billion over six years, with DBT-backed companies growing seven times faster than other SMEs over the same period.
Source: Fintechfutures
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