Billie raised $100 million in a Series C round of funding led by Dawn Capital

Billie, a Berlin, Germany-based startup providing financial factoring services, announced that it completed a $100 million Series C funding round.

The money was raised from investors led by Dawn Capital, and joined by Klarna and Tencent, and existing shareholders Creandum, Speedinvest, GFC and Picus Capital. The deal values the company at $640 million.

In connection with the equity round, the company is also announcing a debt refinancing deal of $200 million per month, secured from a range of German banks led by VVRB (Vereinigte Volksbank Raiffeisenbank eG), with Raisin Bank and Varengold Bank also participating. The money will be used as the company provides the BNPL financing to their customers.

Billie, founded in 2016 by Aiga Senftleben, Artem Demchenkov, Christian Grobe and Matthias Knecht, started as a factoring service provider for SMEs with a technology platform to advance payments for their outstanding invoices. The solution leverages big data analytics, digitalized processes and a tech platform to provide small businesses with financing products against their open invoices, with no hidden fees, no paperwork, and no bank branches involved. The company now provides a suite of products to service businesses and their incoming and outgoing payments needs, out of two core products a financing point-of-sale tool and an invoicing service to help businesses collect money from others.

Billie previously raised about $50 million.