Nuula raises $120M to build out a financial services ‘superapp’ aimed at SMBs

Nuula raises $120M to build out a financial services ‘superapp’ aimed at SMBs

2 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/09/09/nuula-raises-120m-to-build-out-a-financial-services-superapp-aimed-at-smbs/

A Canadian startup called Nuula that is aiming to build a superapp to provide a range of financial services to small and medium businesses has closed $120 million of funding, money that it will use to fuel the launch of its app and first product, a line of credit for its users.

The money is coming in the form of $20 million in equity from Edison Partners, and a $100 million credit facility from funds managed by the Credit Group of Ares Management Corporation.