Novel Capital, a Kansas City, MO-based fintech Revenue Growth Platform that helps B2B businesses accelerate their growth, raised a seed extension round of undisclosed amount.
The round was led by Ulu Ventures, with additional participation from MatterScale, Edovate Capital, Tenzing Capital, and KCRise.
Led by Carlos Antequera, CEO, Novel provides a Revenue Growth Platform that will enable B2B founders to act upon the levers that accelerate growth. Customers can leverage their predictable revenue for on-demand access to non-dilutive capital that grows with them. By connecting their systems, they gain data-driven insights about their key barriers to revenue growth. The platform then pairs companies with machine learning-powered recommendations and actionable strategies to overcome those barriers.
Entrepreneurs enter their basic company information and connect core systems to Novel’s online platform. From there, key company data points are analyzed to identify potential growth barriers and determine the amount of capital they can access. When the company is approved, it can access on-demand capital directly through the platform, with access to additional capital as they continue to grow and generate more revenue.
FinSMEs
20/07/2022