March 28, 2022, Tallinn, Estonia
Today, Income has closed its Series Seed funding round, led by Tolaram Fintech with participation from leading equity crowdfunding platforms Seedrs and Seedblink, with other new and existing early-stage investors. The Founder and CEO of the company also invested in the round.
The company raised €1,3 million and uses the funds to develop further and improve the product and scale its business.
“Income is well-positioned to benefit from the fast growth of Fintech lending globally. The past year has shown us that we are no longer proving a concept, but there is a demand for our product from investors and fintech partners. The growth opportunities we see are nearly endless and we already see many established fintechs connecting with us to arrange a listing of their loans for investment,” announced Kimmo Rytkönen, CEO and founder of Income.
The funding round values Income at €10 million, post-money.
Founded in 2020, Income is the first platform to offer simple and secured investments in loans at getincome.com. Income has partnered with six fintech lenders in the first year of operations and attracted over 1800 registered investors. Over €7M has been invested through the platform