← Embedded Finance Index 2026

Silvr

“Can a failed direct RBF lender reinvent itself as the orchestration layer for European SME funding?”

Founded2020
HQNeuilly-sur-Seine, France
FoundersNima Karimi, Gregory Tappero
Latest roundSeed €3M (2020)
IndustryFintech / Lending

The story

Founded in 2020 as a direct Revenue-Based Financing lender for European e-commerce, Silvr deployed €150M+ (reportedly €250M+) to 2,000+ businesses between 2020-2024. In 2025 it pivoted away from being a balance-sheet lender and relaunched as an orchestrator / broker — a one-API gateway into 50+ funding partners for SMEs. The direct lending book was ultimately wound down and Silvr's assets were taken over by Karmen in November 2025.

Last 12 months

2025-01

Pivot from direct lender to funding orchestrator across 50+ partner lenders.

2025-11

Silvr's assets taken over by Karmen.

Product timeline

2020

Founded in Paris by Nima Karimi and Gregory Tappero to offer Revenue-Based Financing to e-commerce businesses.· lending

2020

Closed €3M seed round and opened Paris office.· lending

2024

Having deployed over €250M to 2,000+ businesses through direct RBF/short-term credit.· lending

2025

Pivoted from direct lender to intelligent orchestrator of SME funding across 50+ partner lenders.· pivot

2025

Silvr's assets acquired by Karmen (November 2025).· acquisition

The stack

2 layers disclosed in Silvr’s embedded-finance stack

Lending

KarmenSilvr Partners (orchestration API)Working capital & cash flow financingAuthorised overdraftCash facilityConfirmed credit lineRevenue-Based Financing (legacy, 2020-2024)

Open banking

in the full report

Accounting gap: minor

1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Silvr — frequently asked

Who provides Silvr's lending?

Silvr's lending and capital products are provided by Karmen.

Which open banking provider does Silvr use?

Silvr connects to bank accounts through Bankin.

What is Silvr's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Silvr's stack: Lending (Karmen, Silvr Partners (orchestration API), Working capital & cash flow financing, Authorised overdraft and 3 others); Open banking (Bankin).

Who founded Silvr?

Silvr was founded by Nima Karimi and Gregory Tappero and is founded in 2020, headquartered in Neuilly-sur-Seine, France.

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