Equity financing · Fintech
Wavo raises €10 million to expand inventory financing
Eurazeo leads the French fintech’s equity round.
Wavo announced €10 million in funding on October 13, led by Eurazeo with Axeleo Capital and HUB612 participating. The transaction was reported as entirely equity.
The capital will expand financing capacity, support hiring and technology development, and prepare expansion beyond France into Northern Europe and potentially the UK.
Wavo buys customers’ inventory while leaving goods in place, then sells it back progressively as the customer makes sales. The model releases cash tied up in stock, allowing businesses to fund growth without taking out a conventional inventory loan.
Use of funds
Expand inventory financing capacity
Hire staff and develop technology
Prepare NorthernEuropean and UK expansion
Funding history
Equity financing · This round€10M