Frequently Asked Questions

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About Levenue

What is Levenue?

Levenue is a European revenue-based financing platform that provides non-dilutive financing to companies with recurring revenue. With Levenue, businesses can trade a portion of their future annual revenues in exchange for an immediate injection of capital - without loans or dilution.

When was Levenue founded?

Levenue was founded in 2021.

Levenue's Operational Presence

Headquarters: Levenue is headquartered in Belgium

Active Regions: We currently operate in 16 European countries:

  • Austria
  • Belgium
  • Denmark
  • Estonia
  • Germany
  • Ireland
  • Finland
  • Latvia
  • Lithuania
  • Luxembourg
  • Netherlands
  • Norway
  • Poland
  • Sweden
  • Switzerland
  • United Kingdom

For Companies Outside These Countries: If your company is located outside these regions, we may soon extend our financing solutions to your area, especially to other EU countries. We encourage you to reach out to us for the latest updates on our expansion plans.

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Is Levenue accredited?

The question of Levenue's accreditation hinges on the specific type of accreditation in question. Levenue is not a payment or credit institution; rather, it functions as a marketplace. This means that the funds originate not from Levenue but from external sources, as we primarily serve to connect companies with investors. Financial transactions are conducted directly between these investors and companies, bypassing Levenue. However, we hold accreditation for the evaluation of businesses and for facilitating commercial and contractual relationships between the involved parties.

Revenue-Based Financing

What is RBF?

Revenue-Based Financing (RBF) is a non-dilutive financial model where companies receive capital in exchange for a fixed percentage of future revenue, offering quick access to funds without needing traditional collateral.

How is the cost of capital determined?

After our analysis is complete, we will issue a trading limit, using data alone. It is at the company's discretion how many of their subscribers they will trade for up front capital. Investors bid in a Dutch Auction for the offered contracts until a discount rate is reached.

What kind of revenues can I trade?

Levenue can only underwrite recurring revenue. We do not accept one-time retail revenues, for example in an FMCG e-commerce business. If your business has a mix of revenue sources, get in touch to see if you are eligible.

What are the opportunities in using RBF?

RBF encourages better financial management and offers improved company valuations, as it doesn't add loan debt to the balance sheet like some other financing options.

Sign Up Process

How does the signup process work? What are the steps?

The signup process at Levenue involves several steps:
1) Sign up as a company seeking financing;
2) Provide company details, revenue data (via API connection or a template), accounting data (using a provided template), and banking data (via API or by submitting bank statements);
3) Undergo analysis by financial & data experts;
4) Receive a trading limit if eligible;
5) Make a trade request and put your deal on the marketplace;
6) Get notified of the selected offer from investors;
7) Accept the offer and sign a revenue purchase agreement;
8) Receive financing in a few days

How long is the signup process?

The initial phase of sharing all the required data generally takes about 10 to 15 minutes. Following this, there is a 48-hour period during which you will be notified about your eligibility and the corresponding funding amount. Once your deal is live on the marketplace, it may stay active for a period ranging from 3 to 20 days, depending on the response and offers from investors.

How should I go about applying and integrating my data?

During the signup process, you will be required to submit various details about your company, including crucial financial data like accounting, banking, and revenue information. There is a degree of flexibility in terms of the data format you can use. If you encounter any issues, the support team is available to help and typically responds within 4 business hours.

What kind of data is gathered and for what purpose?

Levenue amasses a range of data, encompassing company specifics and financial information such as accounting, banking, and revenue details. This collection is primarily for internal use and to conduct financial analyses. It's important to note that all data obtained is securely managed, anonymized, and stored with robust encryption methods, ensuring compliance with GDPR regulations.

What is the ideal timing for submitting an application?

The optimal time to apply is when your business aligns with the eligibility criteria and is in need of financing. Key eligibility factors include having a presence or a legal entity in one of the 16 European countries where Levenue operates, functioning as a subscription-based or SaaS company with a history of revenues exceeding 6 months, and achieving a Monthly Recurring Revenue (MRR) of more than 30K€.

Is it possible to modify the information submitted during the signup process?

Certainly, you have the option to revisit the signup process and update any mistaken information that is either incorrect or has become outdated.

I cannot access the dashboard, what’s the problem?

There are a couple of potential reasons for this access issue. It could be a technical problem with the platform itself, or it may be that not all the required information has been fully submitted. To resolve this, it's advisable to reach out to their support team, who typically respond within 4 business hours.

What happens after completing the signup process?

Once you've completed the signup, Levenue's underwriting and financial team will spend approximately 48 hours to assess your eligibility and the funding amount you're qualified for. Should you meet the criteria, you'll be informed about your approved funding amount or trading limit, usually between 30% to 45% of your Annual Recurring Revenue (ARR). Following this, your deal is activated on the marketplace. Expect to receive the most advantageous offer from institutional investors within a timeframe of 3 to 20 days.

Data Processing

What types of software integrations does your platform support?

Levenue offers integrations with various software platforms, notably including Recurly, Chargebee, and Stripe, which are geared towards managing subscriptions. Additionally, there is an API available for establishing a direct connection to your banking account.

What key metrics are evaluated?

We evaluate growth rate, subscriber churn and cash burn. Furthermore, we look at cash flow stability and the indebtedness of a business. We will continue to constantly analyse these key metrics throughout the life of the trade.

How do you collect the banking data?

The collection of banking data is facilitated through a dedicated API, specifically a PSD2 (Payment Services Directive 2) connection, which is utilized for accessing and reviewing bank statements.

What is the purpose of connecting my bank data, and how is it utilized?

Linking your bank data is crucial for conducting in-depth data analysis, which is essential in evaluating your business's financial health and determining an appropriate funding proposal. This connection allows for a detailed understanding of your business dynamics, considering both revenue and expenses. It's important to note that this connection is solely for accessing bank statements; no financial transactions will be conducted through it.

What data sources do I have to connect?

Your company connects via APIs, providing access to bank accounts, accounting software and subscription managers. With these, we analyse a company's entire financial history, diving into the growth profile over time, the quality/churn rate of the underlying subscriptions, and the cash burn rate.

What are the alternatives if we're unable to link banking data?

In the event that the API connection is unsuccessful or your bank isn't listed, you can opt to manually submit your 12 most recent bank statements. These should be provided in both PDF and CSV formats.

What steps should I take if I operate multiple bank accounts?

It's essential to provide details from all your various bank accounts to ensure a comprehensive financial assessment. You can submit this information through the platform or by directly emailing it to the support team.

What is the reason for requesting revenue/subscription data?

The request for your revenue and subscription data is crucial as it enables a clear understanding of your payment structure, recurring revenue patterns, the currencies in use, and churn rate. Levenue utilizes this data to accurately compute your Monthly Recurring Revenue (MRR), net growth, churn rate, and to identify the most suitable subscription or revenue stream for trading within the marketplace.

What are the alternatives if connecting a subscription manager is not feasible?

In cases where connecting to a subscription manager is impractical, you can opt to directly provide specific client information. This should be done by submitting a CSV or Excel file containing details such as client identifier, payment amount, currency, payment period, and the start and end dates of subscriptions.

What is the method for gathering revenue/subscription data?

The collection of revenue data is facilitated through integration with subscription management software, such as Recurly, Stripe, or Chargebee. Alternatively, you can provide this data by submitting a detailed client information report in either Excel or CSV format.

Why am I asked to provide accounting data?

The requirement for accounting data, specifically Profit and Loss (P&L) statements and Balance Sheets, is to conduct a thorough assessment of your company's financial well-being. This information is critical in determining the amount of funding you are eligible to receive and offers a monthly snapshot of your company’s financial position.

What is the process for gathering accounting data?

Your accounting data from the past 12 months must be submitted, and this can be done either through direct integration or by providing the data in Excel or CSV format.

How is it possible to share the accounting data, and in which format?

Your monthly accounting data, encompassing Profit and Loss (P&L) statements and Balance Sheets for the preceding 12 months, can be shared through API by connecting to major accounting software, as well as in Excel or CSV format. This submission can be made using either the template provided by Levenue or your standard accounting format.

How do you manage and analyze the data collected?

The gathered data is primarily utilized for evaluating your financial performance and shaping the financing offer. Levenue's underwriting team conducts an in-depth review of the information, and their algorithm, analyzing over 1,000 data points, plays a pivotal role in determining your trading limit.

How do you use my data?

Your data is exclusively employed for analytical purposes. Levenue ensures that your information is not distributed to external parties. Accessing accounting, banking, and subscription data is crucial for comprehending your business dynamics and facilitating the automation of future financing arrangements.

Do you keep my data? Do you share the data with third parties?

Levenue protects personal data in accordance with GDPR regulations. Data is collected and processed only for platform purposes like service improvement, report creation, and data analytics. It is used solely for analysis and not shared with third parties​​.


What is the eligibility criteria?

Key eligibility prerequisites encompass: possessing a legal entity within one of the 16 European countries where Levenue operates, operating as a subscription-based or SaaS company with monthly or quarterly recurring contracts, demonstrating over 6 months of revenue history, and maintaining a Monthly Recurring Revenue (MRR) exceeding 30K€.

Can I be financed if I have an HQ outside your operating zone but entities in other countries?

Yes, you are eligible for financing if you possess a legal entity that generates revenue within Levenue's operational zone. The determination of your trading limit will be based on the revenues accrued from these specific entities.

What information is used to assess my eligibility?

Over 1,000 distinct data points are analyzed, gathered from sources such as accounting records, banking information, and revenue streams. Crucial data points considered in the evaluation process include Monthly Recurring Revenue (MRR), Net Growth, Churn Rate, Client Count, Net Burn Rate, and Runway.

Can I reapply at a later date if initially deemed ineligible?

Whether you can reapply later in the year or in a few weeks is contingent on the specific reasons for your initial ineligibility. If the factors are financial and subject to change, such as an increase in revenue or a reduction in net burn, reapplication is feasible. However, more static issues, like operating with a non-subscription business model or being located outside of Levenue's operational countries, might preclude the possibility of a successful reapplication.

How is trade eligibility confirmed?

The assurance of trade eligibility is established in the onboarding phase. This involves verifying the legal capacity of both investors and companies to engage in trade, based on their Articles of Association, adherence to national legal frameworks, and ensuring they are not subject to insolvency or reorganization proceedings. Additionally, a specialized eligibility rule engine is employed to ensure that trading activities comply with and do not infringe upon any regulatory constraints.


What does the term 'trading limit' refer to?

The trading limit represents the maximum funding amount sanctioned by Levenue, usually ranging between 30% and 45% of a company's Annual Recurring Revenue (ARR). Companies have the option to request either the entire amount or a fraction of this approved limit.

What specific data about a company is visible to investors on the marketplace?

On the marketplace, investors have access to an array of aggregated company data and key metrics. This includes Monthly Recurring Revenue (MRR), Annual Recurring Revenue (ARR), net growth, churn rate, net burn, cash balance, variations in cash flow, customer count, types of contracts, frequencies of revenue, and average customer value. However, identifiable information such as the company's name, industry, sector, names of founders, employee count, and other personal details are not disclosed. This method is designed to focus on performance and metrics, thereby minimizing potential biases.

Is it possible to directly communicate with investors in the marketplace?

Direct communication with investors is prohibited until the finalization of the revenue purchase agreement. This approach guarantees equitable competition and ensures that financing decisions are based on objective data and performance metrics. The investor pool consists of accredited, institutional investors like asset managers, investment offices, insurers, and banks. These are all qualified, regulated entities.

Who constitutes the investor base in the marketplace?

The investors participating in the marketplace are accredited, institutional bodies, such as family offices, investment firms, asset management companies, banks, and insurance companies. Levenue's platform is exclusive to qualified investors, which include regulated entities under the oversight of national financial market authorities and institutional investors. Individual, non-accredited investors are not permitted to engage in trading activities on this platform.

What are the fees of Levenue? What are the fees for the marketplace?

Levenue levies a fee, a portion of each transaction, which is included in the discount rate communicated to the sell-side. These fees are fixed and transparent, devoid of any concealed charges, thereby offering a competitive and affordable capital cost for businesses.

Funding Process

What is the maximum capital I can obtain via Levenue?

You can typically access an amount ranging from 30% to 45% of your Annual Recurring Revenue (ARR) through Levenue. The funding starts at a minimum of 50K in your preferred currency (Euro, US Dollar, or Pound Sterling), with no predetermined upper limit, since it is contingent on your ARR.

Am I required to request funding immediately upon eligibility?

No, immediate trading is not mandatory. Once deemed eligible, your approved trading limit remains valid until the next month. Should you opt for funding in a subsequent month, your data will need reevaluation for an updated trading limit.

Is it mandatory to request the entire amount of the trading limit?

No, it's not required to request the full trading limit. You have the option to apply for a partial amount, subject to a minimum of 50,000 in your chosen currency (USD, GBP, EUR).

How long does it take to receive an offer?

Offers from investors are generally anticipated within a timeframe of 3 to 20 days post the determination of eligibility. Once an offer is accepted and the agreement is signed, the capital is usually deposited into your account within a few days.

What is the typical discount rate obtainable via Levenue?

Historically, the discount rate, as set by investors, varies between 3% and 13%. This rate is influenced by your company's data and the prevailing market conditions at the time of your application. On average, rates offered through Levenue tend to be about 30% lower than those of competitors, a benefit of the competitive dynamics within Levenue's marketplace model.

What’s the minimum funding amount/financing?

The minimum threshold for funding is set at 50K, available in currencies such as Euro (€), Pound Sterling (£), US Dollar ($), and Swiss Franc (CHF), contingent on the currency of your receiving account.

What is the ceiling for the funding amount or financing?

While there is no fixed maximum limit, the range of financing available typically spans from 30% to 45% of your Annual Recurring Revenue (ARR). Thus, your ARR essentially dictates the upper threshold of the funding you can receive.

In what currency will the funds be provided?

The capital will be allocated in the same currency in which your revenue is generated.

Into which account will the funds be transferred?

The capital will be credited to your specified bank account, usually the one into which the bulk of your revenue is typically deposited.

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How does the repayment process work?

The investor supplies initial capital that matches the annual value of the selected monthly revenue. Over a 12-month period, the company reimburses this capital, including a discount rate, through consistent monthly payments executed via SEPA direct debit.

When do the repayment obligations commence?

The repayment process begins in the first month following the receipt of the funds.

What is the repayment period? How long does the repayment last?

The repayment period spans 12 months, commencing from the first month subsequent to the receipt of the capital.

Is the amount to be repaid consistent and unchanging?

Yes, the amount due for repayment remains constant and stable. Over a period of 12 months, a monthly payment is made, with each installment representing one-twelfth of the total amount owed.

Where will I be debited? Which account?

Your debit will be made from the same account where your capital was originally deposited. Should there be any changes to your account details, you can conveniently update them either through the platform or by sending an email.

Can I change the debited account?

You can alter the debited account by either updating your banking details via email or by adjusting the settings directly on the platform.

Why is the duration limited to 12 months?

This 12-month timeframe is considered optimal for balancing the interests of both parties, mitigating excessive risk. Additionally, the option for refinancing is available both during and after this period.

What will be the repayment amount? Is it consistent monthly?

Your repayment amount, comprising the initial funding capital plus the discount rate, is fixed monthly over a 12-month period. Essentially, each monthly installment represents the total owed amount divided equally across 12 months.

Use of Capital

What are the permissible uses for the capital?

The provided capital is designated for use as working capital to foster growth, which includes activities like hiring, research and development, marketing, and similar ventures. It is not to be allocated for personal expenses or for the repayment of other debts.

How is the expenditure of funds monitored?

Levenue tracks the progress of your investment by linking to your banking account. This connection enables them to modify your trading limit in accordance with your business growth and to confirm that the capital is being utilized for business purposes.


I have already been financed through Levenue, how can I reapply for refinancing?

You are eligible to reapply for refinancing either during or subsequent to your initial financing phase. Clients maintaining a steady record of repayments may be considered for an elevated trading limit. Furthermore, should your revenue see growth during the initial financing term, this could potentially result in an increase in your trading limit.

Should an increase in revenue lead to a higher trading limit?

Yes, your trading limit may be subject to upward adjustments at intervals, contingent on improved financial circumstances. Although a rise in revenue can influence this limit, Levenue takes into account additional factors beyond Monthly Recurring Revenue (MRR) when determining a trading limit.


What contracts should I sign with Levenue?

It is necessary for you to enter into a specific terms contract with Levenue. This agreement will formalize Levenue's role as the platform and delineate the details of the funding procedure, including the methodology for computing your metrics.

What agreements are necessary with the investor? What is the nature of the contract between the buy-side and sell-side?

Your company should engage in a Revenue Purchase Agreement with the investor. This document outlines the intricate details of the arrangement and the reciprocal responsibilities. It encompasses the sale of designated revenue/subscription pools to the investor, the choice of backup revenue/subscription, and the stipulations for defaults. Essentially, the agreement represents the transfer of proceeds (recurring payments) from selected subscriptions to the investor in exchange for a financial payout.

What occurs when churn arises? Furthermore, what if repayment is unfeasible?

In scenarios of churn, companies often resort to supplementary revenue streams or additional subscriptions to mitigate financial setbacks. If your firm faces challenges in fulfilling its payment commitments during a particular timeframe, initiating a dialogue with the investor to contemplate a temporary pause in these payments could be a viable option.

What precisely is the Revenue Purchase Agreement?

The Revenue Purchase Agreement, established between the Recurring Revenue Company and the Investor, entails the sale and purchase of rights to receive recurring payments from distinct trade revenue as specified on Levenue. This agreement incorporates a 'Back-up Subscription/Revenue' clause, allowing for the replacement of any cancelled or defaulted trade revenue with an alternative subscription/revenue stream of comparable nature. Should these provisions fail to facilitate the required payment to the investor, the company is obligated to guarantee that equivalent amounts of these recurring payments are transferred to the Investor's bank account.

Will the company's clients be informed about the agreement?

No, the investor is not entitled to inform your clients about the transaction, except in cases of significant issues such as multiple payment defaults or insolvency concerns.

Will my clients be aware of Levenue?

No, your clients will persist in remitting their subscription fees directly into your company's bank account, remaining oblivious to Levenue and its involvement with the buy-side (investor).

Is Levenue a loan?

Levenue's financing is not a loan and is distinct from a conventional loan, operating under the revenue-based financing model. Levenue provides financing that hinges on a company's recurring revenue streams, permitting businesses to sell a portion of their anticipated future revenue to investors in return for immediate capital. This arrangement is classified as deferred revenue in the balance sheet. Notably, unlike typical commercial loans, Levenue doesn't necessitate personal guarantees. Here, the future receivable contracts purchased are utilized as collateral.

Explanation of Terms

What constitutes recurring revenue?

Recurring revenue is characterized as a consistent, steady stream of income from the same end customers over a prolonged duration, in stark contrast to one-off sales. Typical instances encompass subscription services (such as SaaS), lease or rent payments, membership dues, management charges, retainer frameworks, as well as licensing fees and royalties.

What do MRR and ARR signify?

MRR, or Monthly Recurring Revenue, represents the reliable income anticipated monthly by businesses, particularly those dependent on subscription models such as SaaS firms. ARR, or Annual Recurring Revenue, extrapolates MRR over a year, encapsulating the annual worth of recurring elements in subscriptions. For example, a company with an MRR of €20,000 would have an ARR amounting to €240,000.

What is subscription/recurring revenue data?

Subscription/recurring revenue data pertains to the financial metrics linked to the steady earnings a company garners from its customer base through a subscription or ongoing payment framework. This data is imperative for enterprises reliant on consistent, long-term revenue from their clientele, aiding in critical functions like forecasting, strategic planning, and financial assessment.

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