Raises €5.5m in Seed Funding (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, 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.



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