Nuula Secures $120 Million In Funding To Reinvent Financial Services For Small Businesses

Sep 09, 2021•about 4 years ago

Amount Raised

$120 Million

Toronto

Description

Nuula, a fintech company focused on small businesses, today announced $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand's launch and drive adoption of the Nuula mobile app, and a $100 million credit facility provided by funds managed by the Credit Group of Ares Management Corporation ("Ares") that will provide scale to the app's integrated credit product.

Company Information

Company

Nuula

Location

Toronto, Ontario, Canada

About

Nuula is building the future of small business performance. Launched in 2021, Nuula is a financial services and technology company focused on serving the small to medium-sized business community. Nuula provides real-time data and analytics, allowing businesses to manage their cash-flow, monitor their credit ratings and user reviews, and more. Nuula is an advocate of financial inclusivity and a proud partner to Kiva to create economic and social good. To learn more about Nuula, visit www.nuula.com.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Nuula Secures $120 Million In Funding To Reinvent Financial Services For Small Businesses

Description

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Company Information