Paris-based fintech company FAKTUS has raised €56 million in a mix of equity and debt financing. Of this, €9 million in equity comes from Lakestar and Foundamental, while an additional €47 million in debt is made available through funds managed by Insight Investment and Fost Capital.
- Launched in 2023 by Alexandre Pochon and Réda Kabbaj, FAKTUS is Europe’s first neobank focused on construction SMEs. It provides project-specific financing through an AI-powered platform that evaluates invoices, contracts, schedules, and sector risks, compressing underwriting from weeks to two hours.
- The platform offers business accounts with real-time cash flow tracking, invoice financing, material advances, and retention bonds to release project holdbacks.
- Since launch, FAKTUS has supported over €100 million across 470 worksites, including schools, hospitals, social housing, Roland Garros, and the French Senate.
- FAKTUS plans to finance €500 million of worksites over the next 18 months, expand coverage across France, and enter markets including the UK, Germany, Spain, Italy, and Portugal by 2026, potentially serving more than 800,000 construction SMEs across Europe.
"When we led FAKTUS' pre-seed round in 2023, we were excited by the team. Just 9 months later, when Lakestar led the seed round, we had become excited by the product. And now 2 years in, we have the data to be excited by FAKTUS' execution and customer feedback," explains Patric Hellermann, General Partner at Foundamental
