What is Reevoy?
Reevoy provides a tailored working capital facility for exporters who have surpassed their bank limits and prefer to reinvest in business growth rather than allocate capital to collateral. The company offers access to essential working capital, facilitating business expansion, and its non-recourse facilities are designed to mitigate the inherent risks associated with international trade. This strategic focus positions Reevoy as a key enabler for growing export businesses.
How much funding has Reevoy raised?
Reevoy has raised a total of $9.7M across 2 funding rounds:
Angel/Seed
$4M
Debt
$5.7M
Angel/Seed (2022): $4M with participation from 9Unicorns, VCAT, Earlsfield Capital Partners, and Better Capital
Debt (2022): $5.7M led by KILDE
Key Investors in Reevoy
KILDE
Kilde is a Singapore-headquartered asset manager and licensed platform connecting family offices, funds, and accredited investors to private credit opportunities across Europe and Asia. Kilde specialises in senior-secured lending to consumer and SME lending platforms and offers investors double-digit returns.
9Unicorns
100 Unicorns is an accelerator program dedicated to transforming and accelerating early-stage companies into successful ventures. It provides support beyond capital, including mentorship from experienced founders, strategic guidance, and access to a vast network of global investors and industry leaders.
VCAT
VCAT provides broad-based advisory services to clients in the casino and hospitality industry. VCAT is intimately familiar with the casino industry and has delivered unique solutions and strategies to clients for 20 years.
What's next for Reevoy?
The substantial enterprise-level funding indicates Reevoy is poised for significant scaling and market expansion. This capital injection is expected to fuel further development of its working capital solutions, enhance its risk mitigation services for international trade, and potentially broaden its reach to new exporter segments. The company's trajectory suggests a move towards solidifying its position as a critical financial partner for exporters navigating global markets.
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