Sienna Investment Managers provides €50m in financing to French fintech Karmen

Sienna IM, through its private debt expertise, supports Karmen, a French fintech specialised in working capital (WCR) financing for SMEs.
Thanks to a 100% digital experience, Karmen offers financing solutions accessible in under 48 hours, to address cash flow, growth, inventory or payment delay needs. Since its creation, Karmen has supported several thousand companies.

This transaction is intended to enable Karmen to strengthen its financing model for French SMEs and to accelerate the development of Karmen Factor, its invoice financing solution without receivables assignment.
Karmen thus consolidates its position as a leading player in alternative financing for French SMEs, in an environment marked by a slowdown in bank lending, rising capital costs and stricter risk management requirements.

Antoine Baron, Corporate Debt Fund Manager at Sienna IM, states :  “We are very happy to support Karmen in this new chapter of its journey and to accompany the team in this next stage of growth. This transaction reflects the commitment of Sienna IM’s private debt team to building long-term partnerships with innovative European fintechs through secure and innovative asset-backed financing structures. It will support the continued growth of our portfolio and respond to the increasing appetite of our investors for this attractive asset class.”

Sienna Investment Managers’ commitment alongside Karmen forms part of an approach focused on building sustainable partnerships in support of real economy financing, in a context of reshaping within the alternative financing market.