French Startup Karmen Secures €9 Million To Expand Instant Financing Services

The French startup Karmen raised 9 million euros in a recent small funding round to improve its instant financing services.

According to the press release, the main investors were Seventure Partners, Financière Arbevel, and Bpifrance. Last year, in June, the fintech secured €100 million in debt funding, a major milestone for the company.

“This initiative represents an opportunity to redefine how small and medium-sized businesses access working capital financing, providing them not only with tailored solutions but also genuine peace of mind,” said Gabriel Thierry, CEO and co-founder of Karmne. “We are committed to being a trusted partner on their journey, helping them navigate a complex and uncertain economic environment.”

Karmen, a specialist in simplifying access to financing for all French businesses, expects to accelerate its technology and loan services. The fintech operates in a different way from traditional banks, as it integrates a financing API with its clients, and supports businesses with its fast financial solutions.

“Karmen offers a revolutionary solution for SME financing,” said Ludovic Denis, Venture Partner at Seventure Partners. “Their ‘Embedded Financing’ API paves the way for more accessible growth, perfectly tailored to the needs of modern businesses. By supporting Karmen, we are indirectly contributing to the growth of all the companies that will benefit from their innovative financing solutions.”

With the new funding, Karmen expects to improve its AI-based credit scoring model and launch additional credit solutions in 2025 to meet the demand and the rise of new companies in France.

Other French companies have made notorious moves in the past few months. The startup LightOn recently became Europe’s first listed generative AI startup, and the health company Alan reached a $4.5B valuation and launched its first AI assistant called Mo.