French startup Karmen has secured $9.4 million in a funding round to expand its instant financing products, which are designed to address working capital challenges faced by small businesses. The financing package comprises both equity and debt. Seventure Partners participated with an equity stake, while Financiere Arbevel and Bpifrance provided debt funding. This new capital builds on Karmen’s earlier establishment of a €100 million debt vehicle, which forms the basis for its short-term loan offerings.

Karmen provides various financing solutions, including lines of credit for business growth and factoring services for customer invoices. Loan amounts offered range from €20,000 to €3 million, with repayment terms extending from two to 24 months. Over the past six months, more than 1,000 businesses have utilized Karmen’s financing solutions.

The company operates in the competitive French market for instant SME financing, with other firms such as Silvr, Defacto, Unlimitd, and Hero also active in this segment.

Gabriel Thierry, co-founder and CEO of Karmen, commented on the company’s approach to risk mitigation, stating, “This is part of our job as a lender. But we limit these risks through our data-driven approach, which allows us to have very granular visibility into the financial and operational performance of our clients.”