Stor Services Ltd. Asset Profile

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Year established

2018

Location

London UK

Primary Industry

Financial Services

About

Founded in 2018 and based in London, UK, Stor Services Ltd., trading as Storfund, operates as a financial technology company that provides a cash management platform for e-commerce sellers. Founded by CEO George Brintalos and co-founder Akbar Ahsan, Stor works with companies registered in the European Economic Area (EEA), the United Kingdom, the United States, Canada, Australia, and New Zealand. In January 2021, Union Bancaire Privée raised GBP 26.5 million in venture debt financing led by new investor Union Bancaire Privée and in October 2021, Stor Services Ltd. raised GBP 300 million in venture funding led by new investor Fasanara Capital with an upfront payment of GBP 100 million in committed funds. The company provides a financial software that helps e-commerce sellers drive sales and increase profitability by shortening their cash cycle, thus allowing them to purchase additional inventory and never run the risk of being out of stock. The platform helps marketplace merchants with an end-to-end solution for stabilizing cash flow, accelerating growth, and increasing profitability from their local and international sales. The firm generates revenue by charging 1-2% of the company's net balance (Annual gross sales less marketplace fees and refunds).

Current Investors

Union Bancaire Privée, Fasanara Capital

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Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.storfund.com

Verticals

FinTech

Total Amount Raised

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