RITMO Receives $200 Million in Debt Financing - BitcoinEthereumNews.com
KabuhayanAng RITMO ay Nakatanggap ng $200 Milyon sa Debt Financing04 / 08 / 2022Balita ng Ethereum ng Bitcoin Teknolohiya sa pananalapi firm, RITMO became the latest startup to receive significant debt financing for its expansion. According to the company, it has secured $200 million in a debt pagpopondo round led by i80 Group and Avellinia Capital. With the funding, the fintech firm aims to become a prominent financing and payments platform for e-commerce. Founded in 2021, RITMO has raised approximately $225 million in debt and equity financing so far. In a press release, RITMO also highlighted its rapid expansion in the past few months. Founded by Raimundo Burguera, Iñaki Mediavilla, Iván Peña, and Prageet Sharma, the financial technology firm achieved a 12x growth rate in the past 7 months. “In less than a year of operations, I am proud to say that RITMO has closed one of the largest funding rounds of any e-commerce financing company in continental Europe and LATAM, backed by the renowned i80 Group and Avellinia Capital. With this new funding we aim to help thousands of e-commerce entrepreneurs scale up rapidly and overcome the current supply chain challenges by providing them with the capital and tools to effectively manage their