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Revving, a London-based fintech scale-up, has secured £107m in growth funding led by DWS to address cash flow challenges in the UK adtech sector. The investment includes £100m of debt funding, which will be injected directly into digital businesses, helping alleviate extended payment terms that stretch up to 120 days.
Founded by Chris Pettit and David Mandeno, Revving has developed an AI-powered invoice factoring platform that integrates with digital marketplaces to provide instant access to revenue before invoice creation. The company’s funding model improves liquidity for SMEs in the digital advertising supply chain, allowing businesses to reinvest faster and compete more effectively on a global scale.
The new funding will enable Revving to expand its reach, enhance its financial automation platform, and support the UK adtech sector, which contributes £129bn to the economy.
