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

Levenue was founded in 2021.

The headquarters of Levenue is based in the Netherlands and the United Kingdom but we are currently active in 12 countries in Europe:Austria, Belgium, Denmark, Germany, Ireland, Luxembourg, Netherlands, Norway, Poland, Sweden, Switzerland, United Kingdom.

If your company is not based in any of these countries, we probably have a plan to extend our financing solution to your country (especially to other EU countries), so please don’t hesitate to contact us at support@levenue.com in order to get an update.

At Levenue, our aim is to create a revenue-based financing marketplace based on fairness and complete transparency. This allows businesses with recurring revenue to grow faster and extend their runway through non-dilutive, non-loan funding in just a matter of weeks.

It depends on the type of accreditation you are referring to. We are not a payment or credit institution because we operate as a marketplace. The funds do not come from Levenue, and we do not provide credits. Instead, we connect companies with investors on the platform. The money does not pass through Levenue; financial transactions occur directly between investors and companies. Of course, we are accredited to evaluate businesses and establish commercial and contractual relationships between each party.

Here are the steps you will go through (usually the signup process takes 10 to 15 minutes):

1) Sign up as a company looking for financing (you can do so here)🔓
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1.1) Provide your company details
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1.2) Provide your revenue data (using the API connection or the provided template)
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1.3) Provide your accounting data (using the provided template)
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1.4) Provide your banking data (using the API connection or by submitting 12 months of PDF & CSV bank statements)
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2) The financial & data experts, together with our algorithm analyze all of your data points 📈
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2.1) You are notified about the analysis results - within 48 hours we will inform you about your eligibility, the amount you qualify for, and share insights from our data team. Our goal is complete transparency; there are no hidden aspects in the underwriting process.
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3) If you are eligible you will be assigned a trading limit (approved funding amount) which you can use to trade your subscriptions on the Levenue Marketplace 🎯
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4) You make a trade request up to the trading limit: you can request less than the approved trading limit 🏹
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5) Your deal is on the marketplace: accredited investors can see your metrics and make offers 🔎
Investors only see aggregated data regarding your company (e.g. net growth, runway, MRR, churn rate, net burn rate). They don’t see the name of the company, the name of the founders, the pitch decks, etc. It is only based on data and performance to avoid industry, gender, or social investment bias.
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6) You are notified of the selected offer from the investor - usually in 10 to 14 days 💰
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7) If you accept the offer, you have to sign the revenue purchase agreement with the investor 🖋
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8) You get financed in a few days 🎉🥳️

Typically, the signup process requires 10 to 15 minutes to share all the necessary data. After that, we take 48 hours to inform you of your eligibility and the related amount.

Subsequently, the deal remains on the marketplace for 3 to 20 days, depending on the offers you receive from the investors.

Through the signup process, you will be asked to provide your company details and the financial data: accounting, banking, and revenue data.

You have the flexibility to provide your data in various formats, as we aim to create a user-friendly experience to save you time. If you encounter any issues at any step, feel free to contact us directly at support@levenue.com. We ensure a response within 4 business hours.

Through the signup process, you will be asked to provide your company details and the financial data: accounting, banking, and revenue data. We only use the data you share with us for internal purposes and financial analysis.

Your data is safe with Levenue. All data shared with Levenue is secured and not shared with any third party. We are GDPR compliant and all data provided to Levenue is anonymized and secured during storage using the latest and strongest encryption techniques.

The best time to apply is when you meet the criteria, and you need financing. The main eligibility criteria are the following:
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+ Located or have a legal entity in one of our 12 active European countries
+ Subscription-based/SaaS companies, companies with monthly or or quarterly recurring contracts
+ More than 6 months of revenues
+ More than 15K€ MRR

Of course, you can come back to your process and change all outdated or mistaken information.

There could be an issue with the platform, or perhaps you haven't provided all the necessary details to proceed to the next step. Regardless, please reach out to us at support@levenue.com, and we'll respond within 4 business hours.

The underwriting and financial team will require 48 hours to determine your eligibility and the amount you qualify for. If deemed eligible, an approved funding amount, or trading limit, will be conveyed, typically ranging from 30% to 45% of your ARR.

You have the choice to utilize the entire amount or only a portion of it. Once decided, your deal goes live on the marketplace. Within 3 to 20 days, you'll receive the most favorable offer (the lowest bid to minimize capital cost) from institutional investors.

We have integration with multiple software platforms, including Recurly, Chargebee, and Stripe, for managing subscriptions. Additionally, we offer an API that enables direct connection to your banking account.

We establish connections to bank accounts using a dedicated API (PSD2 connection). This enables us to retrieve and view your bank statements, saving your valuable time.

We use our advanced data analysis tools, and the expertise of our data analysts to assess your business's financial situation and define a funding amount proposal that aligns with your current position. It's crucial for us to know every bank and movement associated with your business to ensure a comprehensive assessment of its financial health. Our connection is used only to retrieve bank statements; no financial transactions are made.

We use those bank data to understand the dynamic of your business based on revenue and expenses (e.g. burn rate, MRR, cash balance…).

The API we use to connect to bank accounts has the capability to access data from over 5,000 banks.

Occasionally, this connector might not function, or your bank might not be on our list. In such instances, you can provide us with 12 of your most recent bank statements (in PDF & CSV format).

Understanding all bank interactions and transactions linked to your business is essential for a thorough financial evaluation. We request that you submit all banking details from different accounts, either through the platform or by emailing support@levenue.com.

The structure of the revenue and subscription is a major source of data. It allows us to understand the period of your payment, the amount of your recurring revenue, the used currency, and the churn rate. Levenue enables companies to receive upfront the annual value of their monthly recurring revenue. Hence, comprehending this structure is essential.

You can share directly a CSV or Excel file with the following information per client: identifier, amount, currency, period of the payments (e.g. monthly, quarterly, yearly), start date, end date (if any churn). We need to understand the structure of your revenue as we need to calculate your MRR, net growth, churn rate, and select the pool of the best subscription/revenue that can be traded in the marketplace.

We can connect to some subscription manager softwares (Recurly, Stripe, Chargebee - see details for each tool). This enables us to retrieve your revenue data. You can also share the list of your revenue in an Excel or CSV file with the following information per client: identifier, amount, currency, period of the payments (e.g. monthly, quarterly, yearly), start date, end date (if any churn).

The information from the P&L and Balance Sheet is used to evaluate your company's financial health and to cross-reference with other data sources. This particular data is vital in determining the approved funding amount and addressing your business requirements, as it provides a monthly overview of your company’s financial status.

You have to submit your monthly accounting data (P&L and Balance sheets) for the past 12 months in either Excel or CSV format.

You have the option to submit your monthly accounting data (P&L and Balance sheets) for the past 12 months in either Excel or CSV format. Although we've provided a template for assistance. But, if you prefer to use your usual accounting format, our system and team are prepared to handle it.There's no need to adjust your typical accounting methods.

The data is used exclusively to assess your financial performance and determine our offer:

+ The underwriting team manually reviews the data.
+ Our sophisticated algorithm processes over 1,000+ data points to offer a comprehensive insight into your business.
+ Based solely on this data, financial experts establish your trading limit (the approved funding amount).

The data that you provide will be only used for analytical purposes. We will not share your data with any third parties. For our system to work, and be as seamless as possible, we will ask you to connect 3 sources of data to our system (accounting, banking and subscription data). The idea of these connections is for our algorithm and our team to understand the dynamics of your business and automate any future financing through our system.

We ensure your personal data is protected, used lawfully, and transparently in accordance with GDPR regulation. It will only be collected and processed for platform purposes, such as improving services, creating reports, and conducting data analytics. Your data is solely used for analysis and not shared with third parties.

We analyze more than 1,000 data points and metrics, which makes a brief summary challenging. Nevertheless, the fundamental eligibility criteria are as follows:
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+ Located or have a legal entity in one of our 12 active European countries: Austria, Belgium, Denmark, Germany, Ireland, Luxembourg, Netherlands, Norway, Poland, Sweden, Switzerland, United Kingdom
+ Subscription-based/SaaS companies, companies with monthly or quarterly recurring contracts
+ More than 6 months of revenuesMore than 15K€ MRR

Yes, to qualify for financing from Levenue, it is necessary for you to have a legal entity that generates revenue within Levenue's operating zone. Your trading limit will be determined based solely on the revenues generated within those entities.

We take into account more than 1,000 data points to assess your company. The data is collected from your accounting, banking, and revenue datasets. The most important data shown to the investors are the following: MRR, Net growth, Churn rate (amount and customer count), Number of clients, Net burn rate, Runway.

It depends on the reasons that rendered you ineligible. If it's related to financial factors and there have been changes in your situation (for instance, extended financial runway due to external funding, increased revenue, or reduced net burn), you can certainly reapply, and we'll review the new datasets.

However, if the issues can't be addressed in the near future (such as having a non-subscription business model or not being located in the countries we operate), then it might not be the most productive use of your time.

During the onboarding process, we verify that investors and companies are allowed to trade according to their Articles of Association and national legal requirements and that they are not subject to insolvency or reorganization procedures.

Before providing parties with the agreement we check the eligibility of the trade. For this purpose, we have created a unique eligibility rule engine which is designed to ensure that companies and investors may only trade with each other to the extent that this does not cause any regulatory restrictions to be breached in the relevant jurisdictions. At the end, parties are provided with a version of the contract that takes into account all the legal restrictions in their countries.

The marketplace operates with two primary facets:
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‍Sell-Side: These are companies seeking funding. They “sell” a portion of their revenue over a 12-month span in exchange for capital.

‍Buy-Side: These are investors willing to provide immediate upfront capital to companies. They "buy" a share of the revenue at a discounted rate.

For companies interested in accessing this marketplace through Levenue:

+ You will need to submit core data during our registration process, which includes accounting details, banking records, and revenue structure. Based on this, Levenue evaluates your financial standing and calculates the amount you qualify for.
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+ Once the funding amount is agreed upon, it will be listed on the marketplace as an investment opportunity. Investors will only see aggregated data, ensuring the confidentiality of sensitive data such as personal details or even your company's name. The focus here is purely on performance-based investment.
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+ Investors then have the chance to bid on this deal, with the most favorable (lowest) discount rate taking the lead. This bidding operates on a Dutch auction system.
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+ Once an agreement between the company and the investor is sealed, the company will directly receive the full capital amount. Over the subsequent 12 months, the company is responsible for repaying the investors straight from its accounts (revenue).

The trading limit, calculated by Levenue, represents the approved funding amount. You can either request the full amount of this trading limit or just a portion of it. Typically, this limit ranges between 30% to 45% of the Annual Recurring Revenue (ARR).

Investors view the company's consolidated data and metrics, such as MRR, ARR, monthly net growth, monthly churn rate, monthly net burn, cash balance, monthly cash flow variations, customer count, contract types, revenue frequencies (monthly, yearly, etc.), and average customer value, among others.

However, they do not have access to the company's name, industry, sector, founders' names, employee count, and other personal information. This approach is solely grounded in performance and metrics, ensuring a process that avoids potential biases such as background, gender, social factors, or the company’s industry.

No, you won't be able to directly connect with the investors until the revenue purchase agreement is concluded at the end of the process. This policy is in place to guarantee fair competition and financing, grounded strictly in data and performance metrics. It's worth noting that all investors on our platform undergo a rigorous selection process and are accredited and institutional investors (e.g asset managers, investment offices, insurers, and banks). We work only with the most professional financial market participants, the so-called qualified investors (regulated entities supervised by national financial market authorities, and institutional investors).

Investors on the marketplace are accredited, institutional investment entities, including family offices, investment firms, asset management companies, banks, and insurers. Individual investors (not accredited) are not permitted to trade.

We work only with the most professional financial market participants, the so-called qualified investors (regulated entities supervised by national financial market authorities, institutional investors).

Levenue charges a fraction of each transaction (a minimal percentage to ensure a competitive and affordable cost of capital for companies). The fees from Levenue are incorporated into the discount rate shared with the sell-side. The fees are fixed. No hidden fees, full transparency.

The trading limit (approved funding amount) generally falls between 30% to 45% of your ARR. The minimum funding begins at 50K (whether in €, $, or £), and there isn't a set maximum threshold—it's contingent on your ARR as outlined.

There is no obligation to trade directly. If you are eligible, the approved trading limit is valid until the following month (with updated data). Should you seek funding a month after receiving the trading limit, we'll need to refresh the data and establish a revised trading limit that accounts for the previous month.

No, you can request a partial amount, with a minimum of 50,000 ($, £, €).

Once deemed eligible, you can typically expect offers from investors within 3 to 20 days. After accepting an offer and signing the agreement, the capital will be deposited into your account in just a matter of days.

The discount rate is determined directly by the investors on the platform. Historically, it has ranged from 3% to 13%. The rate is influenced by your provided data and the prevailing market value at the time of your application. On average, the discount rate offered at any given time is 30% lower than that of our competitor, thanks to the competition between investors and our marketplace model. We don't offload our own debt; instead, we facilitate your financing directly through investors with significant capital capabilities, ensuring that market value is upheld.

The minimum funding amount stands at 50K, applicable in €, £, $, and CHF depending on the currency of your receiving accounts.

While there isn't a set upper limit, you can obtain between 30% to 45% of your ARR. Thus, the limit is effectively determined by your Annual Recurring Revenue.

The capital will be disbursed to you in the currency in which you earn your revenue.

The capital will be deposited into the chosen bank account, typically the one where you receive the majority of your revenue.

The investor provides the company with upfront capital equivalent to the annual value of the chosen monthly revenue. Then, the company is obligated to repay this capital along with the agreed-upon discount rate. The amount to be repaid remains consistent each month over a 12-month duration.

A SEPA direct debit is established between the company's bank account and the investor. This ensures that the company's account is debited monthly with the specified repayment amount.

The repayments start the first month after having received the funds.

The repayment period is 12 months and starts the first month after receiving the capital

Yes, at the end of each month, for 12 months, you submit a payment which consists of the total due amount divided by 12 (months).

The debit will be made from the same account into which the capital was deposited. If your account details have changed, you can update us with the new banking information and modify these settings directly on the platform.

You can update us with the new banking information by email at support@levenue.com or by modifying these settings directly on the platform.

12 months is the ideal timeframe for both sides to benefit without risking too much. You can always get refinanced during and after the 12-month period (see details in refinancing).

The total repayment amount consists of the funding capital along with the discount rate. This amount remains the same every month for a 12-month span. At the end of each month, for 12 months, you submit a payment which consists of the total due amount divided by 12 (months).

The capital you receive is intended as working capital. You have to use the funding for growth - whatever that means for your company. We will not restrict your use of these funds for hiring and paying resources, R&D, marketing, etc. You cannot however spend this funding on ventures unrelated to your main activity such as personal expenses (buying a new car, a painting to hang in your office, etc.) or repaying other debts.

Once you sign up, we establish a connection to your banking account to monitor your investment growth. This connection enables us to adjust your trading limit (if requested) based on any overall growth you encounter and to verify that the capital is being utilized for business operations.

Certainly, and you can reapply both during your financing period and at its conclusion. Clients with a consistent repayment history are deemed more reliable, potentially leading to a higher trading limit. Moreover, if your revenue increases during the first financing, your trading limit might also increase. If we have access to your bank data, we'll act as a financial partner and suggest an increase of you trading limit.

After conducting a thorough analysis of your data, your trading limit (the maximum amount you can trade) is defined by Levenue. Periodically, the trading limit can be revised upwards if your circumstances show improvement. You have the option to request a new trading limit, or we may proactively suggest an update based on your updated situation. While an increase in revenue can positively impact this limit over time, it's important to note that we consider factors beyond just MRR when approving a trading limit.

The specific terms contract is an agreement between Levenue and your company, confirming that Levenue is the platform in use. Additionally, it outlines the funding process and provides a transparent breakdown of how your metrics are calculated.

A revenue purchase agreement is executed between the company and the investor. This agreement presents the specifics of the process and mutual obligations: the sale of the selected pool of revenue/subscription to the investor, the selection of backup revenue/subscription, events of defaults, etc. This revenue purchase agreement means that the proceeds (recurring payments) under chosen subscriptions are sold to the Investor and will be transferred to him in consideration for the payout.

An initial pool of revenue is selected to be traded over a 12-month period. In the event of churn, backup revenue/subscriptions step in to replace the churned ones.

If your company demonstrates an inability to make payments for a specific period, we can attempt to negotiate with the investor to pause the payments temporarily.

Once a match is secured, both parties (the Recurring Revenue Company and the Investor) enter into a standardized contract known as a "Receivables Purchase Agreement" or "Revenue Purchase Agreement".

Under this agreement, the company commits to selling, and the investor commits to buying, the rights to receive recurring payments from specific trade revenue identified on the Levenue platform. This revenue corresponds to software sold or licensed by the company, or services rendered, in exchange for a price, termed as the "Purchased Receivables".

Included in the agreement is a 'Back-up Subscription/Revenue' provision. Should there be any cancellation or default of trade revenue, it will be substituted by a backup subscription/revenue stream of comparable characteristics.

In situations where the aforementioned mechanisms don't lead to the necessary payment to the investor, the company is obligated to ensure that equivalent amounts of these recurring payments are directed to the Investor's bank account.

No, the investor has no right to notify your customers about the sale unless a serious problem (events of default) has occurred. An exhaustive list of such cases is included in our contract. This could be, for instance, the default of several payments or insolvency issues.

No. They will still be paying their subscription fees into your company’s bank account, just as they always did. They won’t know about Levenue and the buy-side (investor).

Levenue financing is not a loan: it operates on a different model called revenue-based financing. Levenue offers financing based on a company's recurring revenue streams. It essentially allows businesses to sell a portion of their future revenue to investors in exchange for immediate capital. This is considered as deferred revenue in the balance sheet and Levenue does not require any personal guarantees as a commercial loan. The purchased future receivable contracts are treated as collateral.

Recurring revenue is a predictable and stable stream of income that a company receives regularly over an extended period from the same final clients. It contrasts with one-time sales.Common examples of businesses that rely heavily on recurring revenue models include:

‍Subscription Services: Subscription-based model, and software-as-a-service (SaaS) providers offer their products or services for a regular subscription fee, usually monthly or annually.

‍Lease/Rent Payments: Real estate properties, equipment leasing, or any asset that is rented out for regular payments.

‍Membership Fees: Gyms, clubs, or any organization that charges members a regular fee.

‍Management Fees: Fees charged by management companies or professionals for ongoing services (e.g IN finance, real estate, and consulting)

‍Retainer models: Often used in professional services, such as law or consulting, where clients pay a set amount regularly to ensure services or priority access.

‍Licensing and royalties: Revenue earned from allowing someone to use intellectual property like patents, copyrighted work, or franchises for a recurring fee.

MRR (Monthly Recurring Revenue):
‍MRR refers to the consistent and predictable revenue that a business can expect to receive every month. This metric is especially crucial for companies that operate on a subscription model, such as SaaS (Software as a Service) companies. MRR allows these businesses to track the total expected revenue from their customers on a monthly basis. For example, if a company has 1,000 customers each paying 20€ a month for a service, the MRR would be 20,000€.

‍ARR (Annual Recurring Revenue):
‍ARR represents the value of the recurring revenue components of the subscriptions normalized to a one-year period. It’s the annualized version of MRR. Just like MRR, ARR is a metric that's crucial for businesses operating on a subscription or recurring revenue model, offering insights into the company's financial performance and future outlook. Using the previous example, if the MRR is 20,000€, the ARR would be 240,000€.

Both MRR and ARR exclude one-time fees or variable charges; they focus strictly on the revenue that recurs regularly.

Subscription data refers to the set of information related to a customer's or user's subscription to a product, service, or platform. At Levenue, the required information for each recurring revenue/subscription is: identifier, amount, currency, period, start date, and end date (if it churned).