In 2017, post-IPO, Fyber was seeking financing to support its growing working capital requirement as it scaled rapidly, including via multiple acquisitions of businesses in adjacent verticals; many of which would have their own working capital needs.
Vane provided Fyber with a large revolving credit facility of EUR 7.5M, which was both highly flexible and non-dilutive, as well as international, covering Fyber’s German business initially and then adding Israeli receivables.
As well as providing the required finance, Vane became a true strategic partner, helping Fyber navigate several years of fast growth, all the way to its successful exit to Digital Turbine
2021 – Acquired by Digital Turbine
Senior Director Finance, Fyber
'Vane' and 'Vane Financial' are trading styles. Vane Finance Technology Limited is a company registered in England and Wales (Company No: 9446187) and is registered in the UK with the Financial Conduct Authority reference 09446187. Vane Finance Technology Inc. is registered in the State of Delaware and operates under a California Financing Law license. Our Headquarters is Vane GmbH (HBR 162057 B), registered in Berlin, Germany.
Copyright © 2021 Vane (Group). All Rights Reserved.