bezahlt.de (Blackbill Internet GmbH), a Berlin, Germany-based fintech startup, raised €5.5m in seed funding.
Backers included Redalpine, DN Capital, Point Nine Capital and Fly Ventures.
The company intends to use the funds to scale the product in Germany and internationally.
Co-founded by Naveen Prasad, Sebastian Diemer, Daniel Schlotter, and Kenan Deniz, bezahlt.de offers collateralized funding for small and medium businesses by leveraging advanced AI-powered credit scoring technology.
Based on fully digital, automated and data-driven processes, the platform provides pre-financing for invoices within 24 hours without undue interference in the client relationships of their users.