Silvr provides flexible corporate loans to small and medium-sized enterprises in Germany and France, utilizing data-based scoring technology to assess eligibility and streamline the application process. By offering quick access to funds ranging from €5,000 to €1,000,000, Silvr addresses cash flow challenges caused by delayed receivables and inventory financing needs.
Funding
$516.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CCCFounders
Product
Problem
Small and medium-sized enterprises (SMEs) in Germany and France often face challenges in accessing timely financing to manage cash flow gaps caused by delayed receivables, inventory needs, and growth opportunities. Traditional loan application processes can be lengthy and require significant collateral, creating barriers for SMEs seeking quick access to capital.
Solution
Silvr provides data-driven financing solutions to SMEs, offering quick access to funds ranging from €5,000 to €1,000,000. The company's technology analyzes financial data, such as bank statements and balance sheets, to assess eligibility and streamline the application process, providing a decision within 48 hours. Silvr offers two primary solutions: Silvr Capital, which provides short-term, flexible financing for working capital, invoice financing, and inventory needs, and Silvr Connect, a matchmaking service that connects businesses with a network of financial partners for longer-term financing needs like real estate or equipment purchases. With Silvr Capital, SMEs can access financing without personal guarantees or collateralizing physical assets. The platform aims to empower business owners by making funding more accessible and tailored to their specific needs.
Target Audience
The primary target audience includes SMEs based in Germany and France with a minimum monthly turnover of €7,000 (France) or €10,000 (Germany) and at least six months of operational history, excluding self-employed individuals.
Features
- Data-driven scoring technology for rapid eligibility assessment
- Online application process with bank app integration for streamlined data sharing
- Financing options ranging from €5,000 to €1,000,000
- Silvr Capital: Short-term financing for receivables, inventory, growth, and cash reserve needs
- Silvr Connect: Matchmaking service for long-term financing needs (real estate, equipment, etc.)
- Fixed monthly installment repayments with terms from 3 to 12 months
- No personal guarantees or asset collateral required for Silvr Capital loans
- ISO/IEC 27001 certification, ensuring high standards of data security and privacy