DBT has raised a total of $280 million in funding, making it the leading source for SME lending in Northern Europe.
In order to help DBT continue its growth into new countries, we will be providing them with access to our expertise at large, and potentially aiding with our experience from growing into markets such as Russia and China.
DBT Raises $280M Recent Funding
DBT, a leading provider of financing to small and medium enterprises (SMEs) in the Nordic region, announced today that it has raised $280 million in a new round of funding. The funding was led by TempoCap with participation from Northzone and Investinor.
This latest round of funding takes DBT’s total capital raised to date to over $700 million and makes it one of the best-funded SME lenders in Europe. The new capital will be used to support DBT’s continued growth and expansion into new markets.
DBT has seen strong demand for its financing products from SMEs across the Nordic region looking to grow their businesses. In the past year, DBT has provided financing to over 1,000 companies with an average loan size of €200,000.
“We are very pleased with the strong interest from investors in our latest round of funding,” said DBT CEO Anders Ström. “This is a vote of confidence in our business model and our ability to provide much-needed financing to SMEs in the Nordic region.”
With this latest round of funding, DBT is well-positioned to continue its rapid growth and expansion into new markets.
Structure Of DBT
DBT is a Nordic SME lending platform that has raised $280M in funding to date, making it the largest such platform in the region. The company offers loans of up to €200,000 with terms of up to three years. It has a team of experienced underwriters who assess each loan application on a case-by-case basis.
DBT is headquartered in Helsinki, Finland and was founded in 2013. The company has a strong focus on responsible lending and has helped thousands of small businesses grow and succeed. It is one of the few lenders in the region that offers loans without collateral.
The company has a very simple and straightforward loan application process. You can apply for a loan online in just minutes, and you will receive a decision within 24 hours. If you are approved for a loan, the funds will be deposited into your account within 48 hours.
The interest rates on DBT loans are very competitive, starting at just 4%. There are no hidden fees or charges, and you can make early repayments without penalty.
If you are looking for financing to help grow your small business, DBT is definitely worth considering. The company has an excellent track record and offers very competitive terms.
This Recent funding to date, makes it the largest Nordic SME lending space. The company offers loans to small and medium-sized enterprises (SMEs) in Denmark, Finland, Norway, and Sweden.
The company was founded by Jens Bjornsson and Rasmus Kjærgaard. DBT’s mission is to provide access to financing for SMEs in the Nordics. The company is headquartered in Copenhagen, Denmark.
DBT has a strong team with a proven track record in banking and finance. The team has a passion for helping SMEs grow and succeed. DBT is backed by leading Nordic VC funds such as Seed Capital, Founders Fund, and Industrifonden.
“We are excited to announce this funding round led by some of the most prominent VC firms in the Nordics. This will help us accelerate our growth plans and continue to provide financing solutions to SMEs in the region,” said Jens Bjornsson, CEO and co-founder of DBT.
“The Nordics have been underserved by traditional banks when it comes to financing small businesses. We want to change that by providing easy access to capital for growing companies,” said Rasmus Kjærgaard, CFO and co-founder of DBT.
How Does DBT Work?
DBT offers loans of up to €1 million with terms of up to three years. The interest rate on the loans is fixed for the life of the loan, and there are no hidden fees or charges.
The company has a team of experienced underwriters who assess each loan application on its merits. Loans are typically approved within 24 hours, and funds can be accessed within 48 hours of approval.
DBT is committed to helping SMEs grow and prosper. The company provides free resources and advice on financial planning, business growth, and more.
What Kind Of Loans Does DBT Offer?
Debt Business Technologies (DBT) is a leading provider of online loans to small and medium enterprises (SMEs) in the Nordic region. The company offers a wide range of loans, from working capital loans and invoicing financing to growth loans and real estate mortgages.
DBT has raised $M in funding to date, the largest amount raised by any company in the growing Nordic SME lending space. The funding will be used to support DBT’s continued growth and expansion into new markets.
DBT’s online platform offers a simple and efficient way for SMEs to access the financing they need to grow their businesses. The platform provides instant decisioning, competitive rates, and flexible repayment terms.
DBTLoan is the best solution for your business if you’re looking for a fast, flexible and competitively-priced loan.
Who Is Eligible For A Loan?
In order to be eligible for a loan from DBT, you must be a small or medium-sized enterprise (SME) in the Nordic region. You will also need to have a good credit history and a strong business plan.
What Are The Key Features Of A Loan?
A loan is a debt provided by one party (the lender) to another party (the borrower) where the borrower agrees to pay back the debt in regular installments over a set period of time. The key features of a loan are:
-The amount of money borrowed (the principal)
-The interest rate charged on the principal
-The repayment schedule
-The collateral used to secure the loan
What Are Some Potential Risks Involved In Financing With DBT?
When it comes to financing, there are always potential risks involved no matter what route you take. With DBT, some of the potential risks include:
-You may not be approved for a loan: Just like with any other type of loan, there is no guarantee that you will be approved for financing through DBT.
-The interest rate could be higher than anticipated: Interest rates on loans can fluctuate and if they happen to go up after you take out a loan with DBT, your monthly payments could become unaffordable.
-You could default on your loan: If you are unable to make your loan payments on time, you could end up defaulting on your loan. This would damage your credit score and make it difficult to get financing in the future.
DBT, a leading Nordic SME lender, has raised $280M in a new funding round. This is the largest amount of funding ever raised in the Nordic SME lending space, and it will allow DBT to keep growing and expanding its lending operations.
With this new infusion of cash, DBT is well-positioned to become one of the top lenders in the Nordic region.
Know About More Business News:-
Facebook First Indian Startup Investment, 5-Years Ago Startup Meesho | Aiven Bags $100 M In Series C Funding To Boost Global Innovation | Unacademy Raises Funds From Tiger Global, And Dragoneer At A $2B Valuation