Credibur Secures $2.2M to Automate Private Credit
Berlin's financial technology scene has gained another promising player. Credibur, a startup tackling the operational headaches in private credit management, has secured $2.2 million in pre-seed funding to build infrastructure that could reshape how institutional investors work with alternative lenders.
The round, led by European FinTech VC Redstone, brings together Silicon Valley's MS&AD Ventures, Canadian VC Inovia, and several notable business angels from the FinTech world. Among the angel investors are Malte Rau from Pliant, Topi co-founders Estelle Merle and Charlotte Pallua, plus super angel Bjarke Klinge Staun.
From Excel Hell to Automated Heaven
Behind Credibur stands Nicolas Kipp, who knows the credit industry's pain points intimately. As co-founder of embedded lending platform Banxware and former Chief Risk Officer at Ratepay, Kipp watched countless hours get lost to manual processes that should have been automated years ago.
"Debt facility management is the underestimated Achilles' heel in non-bank lending – operationally complex and technologically neglected," Kipp explains, according to the company's press release. His 10-person team is building infrastructure to replace those dreaded Excel spreadsheets with real-time data and automated workflows.
The platform targets the entire ecosystem: buy now, pay later providers, factoring companies, asset managers, debt funds, and family offices. Instead of juggling manual processes, users get a modular API-and-AI-first system that handles everything from structuring to reporting and contract management.
Private credit has exploded into a €2.1 trillion global market, with €430 billion in Europe alone, according to the European Central Bank. Yet most institutional players still rely on outdated systems that create bottlenecks.
"Nicolas has already proven with Banxware and Ratepay that he can master the complexity of the credit business," says Timo Fleig from Redstone VC, as stated in the press release. "With Credibur, he's now solving the next fundamental problem."
The startup is emerging from stealth mode with pilot customers already on board, using the fresh capital for technical development, customer acquisition, and team expansion.