Klub, a Revenue-based financing platform operated by Ken Capital Technologies Pvt Ltd, has raised an undisclosed amount in a debt financing round from Northern Arc Capital.

The startup plans to use the raised funds to give e-commerce merchants access to the funds, enabling them to use flexible growth capital. Additionally, Klub will also scale up its embedded platform by 20X to support digital small-medium enterprises (SMEs) with growth capital ranging from Rs 2 lakh to Rs 30 crore.

Klub | Growth Capital For Loved Brands

Founded in 2019 by Anurakt Jain and Ishita Verma, Klub utilizes financial innovation, community engagement and deep data-driven analytics to provide growth capital to businesses across sectors.

The startup provides flexible growth capital against future receivables, ranging from Rs 2 lakh to Rs 30 crore, with zero equity dilution or personal guarantees. As per the revenue-based financing platform, it has partnered with India’s leading e-commerce platforms that will offer opportunities of around $100 billion by 2025.

[Read: Factors Driving The Growth Of Fintech Industry In India]

Speaking on the development, Sudharsan Venkatakrishnan, Vice President of Klub, said,

“Klub’s embedded financing solution helps merchants on our partner marketplaces get easy access to capital without leaving the marketplace ecosystem. We are excited to partner with Northern Arc to offer this compelling solution to our rapidly growing customer base.”

In September 2021, Klub had raised Rs 20 crore in debt financing from Trifecta Capital. Earlier in July 2021, the revenue-based financing platform invested an undisclosed amount in an organic whole food nutrition brand Wellbeing Nutrition.

Klub claims to have provided access to flexible capital to over 200,000 SMEs across these platforms. The startup added that merchants on online marketplaces will now be able to access Klub’s financing options either directly on the platforms they sell on or via their preferred payment gateways and logistics partners.

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