- Majority Stake Acquisition: Absolute Capital Partners (ACP) acquires a majority stake in Paris-based fintech Unlimited.
- Financing Boost: ACP provides Unlimitd with a new financing line of up to €100 million to support revenue-based lending for e-commerce companies.
- Subsidiary Launch: The deal is part of the launch of ACP’s subsidiary, AbsoluteCap Venture Lending, focused on corporate financing.
- Company Background: Unlimited, founded in July 2021 by CEO Julien Zerbib, specializes in revenue-based financing for digital companies, including e-commerce and marketplace resellers in France.
- Rapid Financing Process: Unlimitd’s platform claims to assess credit risk and offer tailored non-dilutive financing within 48 hours, deploying over €30 million to “several hundred” companies in the last 18 months.
- Strategic Partnership Goals: With ACP’s support, Unlimited aims to lend up to €100 million in the next 12 months, expanding its presence in the French market and venturing into other parts of Europe by 2024.
- CEO’s Comment: Julien Zerbib sees the partnership as an “important step forward,” enabling Unlimitd to “rapidly expand our presence in Europe.”