Vinyl EquitySME Financing
Vinyl Equity provides alternative financing solutions for small and medium-sized enterprises through equity-based instruments.
$20MSeries A
Investor undisclosed
A $20M Series A for SME equity financing suggests the market is finally moving past revenue-based financing as the default alternative to debt—equity instruments for small businesses are harder to underwrite but higher-margin if you get the unit economics right. If you're building in embedded finance or vertical lending, watch whether Vinyl can actually scale underwriting without blowing up their loss ratios; that's the real moat here, not the product.