"Defacto Secures €16 Million Funding to Expand European Operations and Enhance AI-Driven Financing Solutions for SMEs"

"Defacto, a Paris-based fintech specializing in short-term financing for SMEs, has raised €16 million to expand its European operations and open its platform to banks, factors, and credit insurers. Founded in 2021, Defacto has already financed over €1 billion for 17,000 European SMEs using AI-driven credit infrastructure, enabling funding decisions in under 30 seconds. The recent funding round included investors like La Maison Partners and Blast Club, as well as existing backers such as Northzone and Citi Ventures. Defacto aims to achieve profitability by 2026 and has a €300 million fund for loans, supported by Citibank and Viola Crédit."

**Law Firms Involved in the Transaction:** The law firms Hogan Lovells and another unnamed firm advised Defacto, a Paris-based fintech company, in connection with its recent fundraising round. **Transaction Overview:** Defacto has successfully raised €16 million to accelerate its European expansion and to open its platform to banks, factors, and credit insurers. Founded in 2021 by Jordane Giuly, Morgan O'Hana, and Marc-Henri Gires, Defacto has already financed over €1 billion for 17,000 European SMEs through a reimagined credit infrastructure powered by artificial intelligence. The company aims to address the significant short-term credit access gap for SMEs, providing financing in under 30 seconds. The funds raised will support the integration of new partners, including several licensed electronic invoicing platforms, and the company aims to achieve profitability by 2026. **Lawyers Involved:** From Hogan Lovells, the team included Hélène Parent, Gautier Valdiguié, and Romane Da Cunha. Additionally, Thibault Chareton (partner), Charlotte Striffler (senior counsel), and Diane Dewé (associate) advised Defacto in this fundraising effort.

"Defacto Secures €16 Million Funding to Expand European Operations and Enhance AI-Driven Financing Solutions for SMEs"

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