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Synopsis
Northzone, an early stage venture capital fund, led a $167m Series A funding round in SellersFunding, a developer of a financial platform designed to help e-commerce merchants to scale their business. Endeavor Catalyst and Fasanara also participated. SellersFunding leverages sales data provided by the marketplaces and e-commerce platforms to create sales and cash flow estimates based on the credit limits given to clients so that owners can better understand the fees they are paying and make more informed decisions. The company will continue to invest on the payments side and to promote cross-border payments.
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