Secures venture debt funding from the European Investment Bank
Izicap
Sole Financial Adviser
Kempen & Co acted as Sole Financial Adviser to Izicap in its €15m venture debt funding round
Transaction highlights
Izicap, a French SaaS-based card-linked loyalty and CRM provider for SMEs, has obtained €15m in venture debt funding. Izicap plays a pivotal role in the payments space strengthening the proposition of merchant acquiring banks and other payment companies to local merchants
The funding comes from the European Investment Bank, which is the lending arm of the European Union and the biggest multilateral financial institution in the world
The funding supports Izicap’s investments in technology, product development and sales and marketing to accelerate growth and international expansion
Kempen & Co’s Tech & FinTech team acted as a Sole Financial Adviser to Izicap in the funding round. The transaction follows on a series of other venture debt transactions by innovative clients advised by Kempen & Co
About Izicap
Izicap’s main strategic objective is to improve the product offering of acquiring banks to SMEs by providing local businesses with an innovative card-linked CRM & Loyalty solution, which transforms payment terminals into powerful marketing tools
Izicap sells its product to merchants via acquiring banks and has partnerships with three out of the top ten acquiring banks in Europe
Izicap's partners include a number of key players in the payments ecosystem, such as Groupe BPCE, Crédit Agricole, Nexi and Mastercard
Izicap’s SaaS proposition and fully in-house developed platform allows for fast time-to-market and scalability
Izicap was established in 2013 by the founder-led management team