Outfund
Outfund helps growing businesses access non-dilutive capital through revenue-based financing.
Outfund provides revenue-based financing to businesses, offering non-dilutive capital repaid as a percentage of monthly revenue without interest. Using open banking data to capture both online and offline revenue streams, Outfund can offer 30-40% more capital than competitors. The platform serves e-commerce, tech, and consumer goods businesses across the UK, US, Spain, and Australia with flexible repayment terms and transparent, fixed fees starting at 2%.
Problem solved
Growing businesses need capital to scale but cannot or prefer not to dilute equity, and traditional lending often requires collateral or extensive financial history that young companies lack.
Target customer
E-commerce, tech, and consumer goods businesses with £25,000-£10,000,000 (UK) or $35,000-$13,000,000 (US) in annual revenue seeking growth capital without equity dilution.
Founders
D
Daniel Lipinski
CEO & Co-Founder
Previously founded and sold logistics platform ParcelBright; serial entrepreneur with two companies founded.
A
Alan L.
COO & Co-Founder
Co-founder and Chief Operating Officer of Outfund.
Funding history
Late Seed
$47M
December 8, 2020
Led by Fuel Ventures
· TMT Investment, Force Over Mass
Series A
$144.6M
May 2022
Led by Force Over Mass
· PostFinance, 1818 Venture Capital, Tribe Capital, plus $125.7M in debt financing
Series C
Unknown
April 27, 2022
Led by Force Over Mass
· Unknown
Total raised:
$213.4M
Industries
Pricing
Revenue-share model starting from 2% fixed fee, determined by underwriting based on business performance and repayment period (3, 6, 9, or 12 months). No application fees or hidden fees. Capital amounts: UK £25,000-£10,000,000; US $35,000-$13,000,000.
Notable customers
Lemonade Dolls, The Camp Brands, 700+ businesses across sectors
Integrations
Amazon, PayPal, Shopify, Stripe
Website
Competitors
Wayflyer
Irish unicorn competitor in European revenue-based financing market; Outfund captured Clearco's European clients as Clearco exited international markets.
Lighter Capital
Alternative revenue-based financing provider; Outfund differentiates by capturing offline revenue data for 30-40% higher capital offers.
Velocity
Competes in revenue-based financing space; Outfund's open banking integration across online and offline payments provides competitive advantage.
Pipe
Alternative financing platform; Outfund focuses on revenue-based model rather than invoice/contract financing.
Uncapped
UK-based competitor; Outfund operates across 4 countries with deeper geographic reach.
Why this matters: Outfund is the largest revenue-based finance provider in the UK, Spain, and Australia, having grown from £37M (Dec 2020) to $213.4M in total funding by 2022. The company's proprietary algorithm for capturing offline revenue alongside online payments provides a genuine competitive advantage, offering customers 30-40% more capital than traditional competitors, positioning it as a market leader in non-dilutive growth financing.
Best for: E-commerce and consumer goods businesses needing £25,000-£10,000,000 in growth capital without equity dilution, particularly those with blended online and offline revenue streams.
Use cases
E-commerce scaling inventory
An online retailer needs £100,000 to purchase inventory for seasonal peak. Outfund provides capital repaid through daily revenue share, eliminating the need to dilute equity or seek traditional loans requiring extensive collateral.
Subscription business expanding team
A subscription box company like Lemonade Dolls uses £50,000 from Outfund to hire marketing and operations staff. Flexible repayment tied to monthly revenue ensures payments scale with business growth.
Hybrid retail with offline sales
A consumer goods brand with both online and physical store sales can access 30-40% more capital than competitors because Outfund's algorithm captures both payment channels, not just online transactions.
Alternatives
Wayflyer
Strong competitor in Europe with unicorn status; choose if operating primarily in European markets or seeking larger deal sizes.
Traditional bank loans
Slower approval, requires collateral and extensive financial history; choose if you have established credit and can wait 4-6 weeks for funding.
Venture capital equity financing
Larger capital amounts but requires equity dilution and ongoing investor involvement; choose if planning Series A+ raises or need $1M+.
FAQ
What does Outfund do? +
Outfund provides revenue-based financing to growing businesses. Instead of traditional loans or equity, companies receive upfront capital and repay it as a fixed percentage of their monthly revenue. The company uses open banking data to assess both online and offline revenue, enabling it to offer 30-40% more capital than competitors.
How much does Outfund cost? +
Outfund charges a fixed fee starting from 2%, determined by your business performance and chosen repayment period (3, 6, 9, or 12 months). There are no application fees or hidden charges. Capital amounts range from £25,000-£10,000,000 (UK) or $35,000-$13,000,000 (US).
What are alternatives to Outfund? +
Top alternatives include Wayflyer (European-focused revenue-based finance), Lighter Capital (US-based revenue financing), and traditional bank loans. For larger rounds, venture capital is an alternative if you're willing to dilute equity.
Who uses Outfund? +
E-commerce, tech, and consumer goods businesses use Outfund. Notable customers include Lemonade Dolls (lingerie subscription) and The Camp Brands (Spanish retail). The platform serves 700+ businesses across the UK, US, Spain, and Australia.
How does Outfund compare to Wayflyer? +
Both are revenue-based financing providers, but Wayflyer has achieved unicorn status and stronger European presence. Outfund differentiates by capturing both online and offline revenue through open banking, offering 30-40% more capital. Outfund also acquired Clearco's European clients as Clearco exited international markets.
How long does Outfund approval take? +
Specific approval timelines are not publicly disclosed, but revenue-based financing typically processes faster than traditional lending (days vs. weeks). Outfund's open banking integration enables quick revenue verification.
Is Outfund regulated? +
Yes, Outfund is regulated by the FCA (Financial Conduct Authority) in the UK and maintains stringent compliance standards across all markets of operation.
Tags
revenue-based financing
non-dilutive capital
growth funding
e-commerce
open banking
SMB financing
alternative lending