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FinTech firm BillFront has arranged a $7.9m financing facility for a German adtech firm

London and Berlin-based FinTech firm BillFront has help secure a significant multi-million dollar financing facility for German adtech business Fyber.

The financing, which has been made available through BillFront’s partner bank solarisBank, will support Fyber as it looks to scale globally and cement its position in the growing programmatic and real-time bidding (RTB) advertising markets.

The financing package will see Fyber utilise the FinTech firm’s invoice financing platform, which allows clients to feed in invoices to the platform, utilising data to drive risk management and identify eligible invoices and suggest financing options.

Targeted at digital companies and app developers, BillFront’s is one of a number of companies offering businesses the opportunity to unlock finance and cash tied up in long payment terms and other invoices.

Christopher Vogt, Co-Founder of BillFront, said: “We are excited to be partnering with Fyber and solarisBank: With Fyber, we are adding a marquee client to our portfolio, and our co-operation with solarisBank will allow us to actively target and onboard clients in Germany, a market that is strategically important for us given the growth that the German ad-tech scene is experiencing.”

The news also marks the announcement that BillFront’s German arm has entered into an official partnership with solarisBank through which the firm will conduct its business in the German market.

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