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§ Private Profile · Dublin, Ireland
FinTech company providing an automated invoice financing platform for SMEs and institutional investors, focused on immediate cash flow.
Based in Dublin, Ireland, AREX Markets is a financial technology company operating an automated marketplace that allows small and medium-sized enterprises to sell unpaid invoices as tradable assets to institutional investors. The digital platform converts these receivables into immediate cash flow, successfully financing 95 percent of all submitted invoices within 24 hours using automated trading bots. Operating across Ireland, the United Kingdom, and Spain, the enterprise generates annual revenue of five million nine hundred thousand euros with a dedicated workforce of 39 employees. The company has secured thirteen million seven hundred thousand dollars in total equity funding, including an eight million eight hundred thousand euro Series A round backed by LocalGlobe, Mosaic Ventures, Greylock, and Lifeline Ventures. AREX Markets was originally founded in 2014 by Airto Vienola, Hannu Krosing, Kim Forsman, Nikolai Hentsch, and Perttu Jalkanen.
AREX Markets has raised $13.3M across 2 funding rounds.
AREX Markets has raised $13.3M in total across 2 funding rounds.
AREX Markets is a data-driven FinTech company that provides small and medium-sized enterprises (SMEs) with an automated platform to sell invoices, converting them into tradable assets called Exchange Traded Receivables (ETRs) for rapid cash flow improvement—often within the same day.[1][2][3] It serves SMEs and accountants by integrating with accounting systems to offer a cost-effective, easy-to-use service that disrupts traditional financing, with $13.7M in total funding including a €8.8M ($10.4M) Series A round to expand in markets like the UK and Spain.[2][3] The platform enables investors to buy ETRs via automated trading bots on an open market, addressing cash flow bottlenecks in the multi-trillion SME financing sector.[1][2]
Founded in 2014 in Dublin, Ireland, AREX Markets emerged from founders spotting a massive opportunity to use technology to disrupt the SME financing market, where traditional methods leave businesses waiting weeks for invoice payments.[3] Headquartered at The Black Church in North Dublin, the company has grown into a 39-employee operation with €5.9M in revenue, securing seed rounds in 2015 and 2016 followed by a Series A in 2021.[2][3][4] Key milestones include launching its core receivables exchange platform and raising €8.8M to target UK and Spain expansion, building on early automation innovations for invoice trading.[2]
AREX rides the SME FinTech wave, capitalizing on digitization of invoice financing amid rising demand for quick working capital in a multi-trillion global market strained by slow traditional lending.[3][4] Timing aligns with post-pandemic supply chain pressures and economic volatility favoring automated alternatives, especially in Europe where expansion targets underserved UK and Spain SMEs.[2] Market forces like open banking APIs and investor appetite for alternative assets boost its model, while it influences the ecosystem by pioneering ETRs—pushing competitors toward faster, tech-enabled solutions and democratizing access for smaller businesses.[1][4]
AREX Markets is poised for scaled growth through its recent funding, likely deepening European penetration and refining AI-driven trading for even faster liquidity.[2] Trends like embedded finance and regulatory tailwinds for digital assets will shape its path, potentially evolving it into a pan-European SME financing leader with global ETR adoption. As cash flow tech matures, AREX's automation edge could redefine how SMEs thrive, turning invoice delays from a drag into a traded opportunity.
AREX Markets has raised $13.3M across 2 funding rounds. Most recently, it raised $10.0M Series A in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2021 | $10M Series A | LocalGlobe, Mosaic Ventures | Acadian Ventures, Conviction Partners, Greylock, Hoxton Ventures, Lifeline Ventures, YES VC, Esther Dyson, Kristian Segerstrale, Richard Laxer | Announced |
| Nov 4, 2016 | $3.3M Venture Round | Timo Ahopelto | Robin Klein | Announced |
AREX Markets has raised $13.3M in total across 2 funding rounds.
AREX Markets's investors include LocalGlobe, Mosaic Ventures, Acadian Ventures, Conviction Partners, Greylock, Hoxton Ventures, Lifeline Ventures, Yes VC, Esther Dyson, Kristian Segerstrale, Richard Laxer, Timo Ahopelto.