Ritmo
Growth capital for ecommerce businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
* | €184m | Debt | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 172 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Ritmo is a financial services company based in Madrid that offers a cash flow management platform for e-commerce businesses across Europe and Latin America. Founded in 2020 by Raimundo Burguera, Iñaki Mediavilla, Iván Peña, and Prageet Sharma, the firm aims to address the financing and operational needs of digital entrepreneurs. The company's core services include working capital financing and an automated Buy Now, Pay Later (BNPL) system, which assists e-commerce businesses in managing supply chain challenges and improving cash flow to facilitate faster scaling.
The company's business model is centered on providing non-dilutive growth capital, positioning itself as an alternative to traditional bank loans or venture capital. Ritmo offers financing ranging from €50,000 to €3 million, which is repaid through a revenue-sharing agreement. Instead of interest, the company charges a flat fee, which is recouped as a percentage of the client's monthly sales. This repayment structure is designed to be flexible; if a client's sales decrease, the repayment period can be extended.
In addition to financing, Ritmo provides an AI-powered analytics tool called Ritmo Insights. This tool helps entrepreneurs analyze their revenue, marketing, and cash flow data to make more informed business decisions. Since its inception, Ritmo has experienced significant growth, securing substantial debt and equity funding. A major milestone was a $200 million debt funding round in April 2022, led by i80 Group and Avellinia Capital, intended to support over 2,000 e-commerce clients and fuel international expansion. The company has established partnerships with key players in the payments and e-commerce sectors, gaining access to a large network of merchants.
Keywords: revenue-based financing, e-commerce funding, fintech, cash flow management, non-dilutive capital, working capital, Buy Now Pay Later, BNPL for business, supply chain finance, digital business financing, growth capital, merchant financing, Capital-as-a-Service, Madrid fintech, European e-commerce, Latin America e-commerce, AI-powered analytics, founder financing, online seller loans, alternative financing