Avanseo

About Avanseo

Avanseo operates as a financial technology firm with a specific focus on the credit market for very small enterprises (VSEs) in France. Founded in 2017 by Amine Hebri, the company aims to address the cash flow financing needs of small businesses, a market segment Hebri noted was underserved by traditional banking institutions. Hebri, an INSEAD graduate with prior experience at BNP Paribas, launched Avanseo to simplify the professional loan experience.

The company's core offering is a digital lending platform that provides working capital loans to VSEs. It serves a clientele of incorporated businesses, such as EI, EURL, and SAS, that have been in operation for at least six months and have a minimum average monthly turnover of €4,500 over the preceding six months. Avanseo's business model is centered on providing unsecured loans ranging from €3,000 to €50,000, with repayment terms of three to twelve months. Revenue is generated through interest rates on these loans, which vary from 4% to 15% based on an assessment of the borrower's risk profile, company size, loan duration, and business activity.

The platform leverages artificial intelligence and machine learning to streamline the loan application and approval process. By connecting to an applicant's bank accounts, facilitated by the second European Payment Services Directive (PSD2), the system analyzes approximately 10,000 data points to assess creditworthiness. This technology enables Avanseo to provide a firm decision within two hours and disburse funds within 24 hours of approval. In May 2021, the company announced a €10 million fundraising round from Newfund to launch its debt fund, TPE Tréso1, with the goal of expanding its lending capacity.