Singapore-based Recur Technologies Closes Seed Funding Round
Spice Route Legal was pleased to advise Recur Technologies on raising their seed funding from Silicon Valley-based fund Village Global, InfoEdge Ventures, Aditya Birla Finance, Ugro Capital, Incred Financial Services, and several other investors.
Recur Technologies is a revolutionary trading platform for companies with recurring revenue, aimed at facilitating them with accessing alternative financing options, and raising capital without diluting equity. Revenue based financing products gaining popularity against conventional equity or debt-based funding. Recur aims to invest in technology to strengthen this AI/ML-powered underwriting software, to predict the financing requirements of prospective clients more efficiently.
The team that advised on this deal was lead by Mathew Chacko.
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