FinTech news in revenue-based financing category

Enduring Planet, a new fintech firm that exclusively funds climate entrepreneurs, is taking the wraps of its first product after securing $5 million in debt and equity financing. Out of the gate, Enduring Planet offers revenue-based financing to companies that bring in more than $25,000 per month.

And Silvr doesn’t necessarily replace VC money, as 35% of Silvr’s clients have raised capital from VC funds. When a company applies to unlock some credit with Silvr, they grant access to various data sources — the corporate bank account.