Wavo raises €10M to turn SME inventory into cash
What's the deal? French fintech WavoDealroom has a profile for this one. Try Dealroom → has raised €10 million in an early-stage round led by Eurazeo, with Axeleo CapitalDealroom has a profile for this one. Try Dealroom → and HUB612Dealroom has a profile for this one. Try Dealroom →. The Lyon-based startup, founded in 2024, buys companies' inventory to free up cash, then sells it back as they make sales.
What's the endgame? Wavo adapts inventory-financing tools long reserved for large corporations to small and mid-sized firms. "It's about using technology to adapt inventory-financing processes designed for very large groups to smaller companies," said co-founder and chief executive officer Julien Decherf (translated from French).
How it works: Its platform connects to a client's inventory system through any ERP, with artificial intelligence agents analysing stock rotation, product value, and cash cycles. Wavo buys and pays for the stock immediately; the goods stay with the company, which repurchases them as it sells.
Wavo doesn't lend or charge interest. It takes a commission on the buyback, with a product bought at 100 repurchased for 102 to 105. "The cost matches the risk we take," Decherf said (translated from French).
By the numbers: In two years, Wavo has worked with around 100 companies across B2C and B2B, from retail to industry, financing nearly €35 million in inventory tied to almost €100 million in client sales. It reached €1 million in revenue in under a year with a small team.
Why now? The round lands in a tough stretch for fintech funding. Wavo's co-founders include Adrien Plat, who co-founded Indy, and Tanguy Clerget, formerly of Jellysmack.
What's next? The €10 million, entirely equity, will fund platform development, hiring, and a European expansion starting in Northern Europe. Wavo aims for roughly 500 clients by the end of 2027, growing its team from 16 today to 50 by then.
The signal: At €10 million, Wavo's raise sits above the 90th percentile for early-stage fintech rounds in France, a notable vote of confidence in a sector where capital has grown scarce.
Read more: maddyness.com
Image credit: Wavo
