Fresha, a marketplace platform for beauty and wellness, has secured a $31m (£26m) venture debt facility from J.P. Morgan.
Founded by William Zeqiri and Nick Miller in 2015, Fresha offers a subscription-free business software with embedded payment processing and a consumer marketplace.
It helps beauty businesses, such as salons, barbershops, spas, and aesthetics clinics, streamline their entire operations and it allows consumers to discover, book, and pay for appointments with those businesses.
To date, it has raised over $185m in venture capital funding, including a $150m Series C round in 2021 led by General Atlantic.
Fresha claims to have a network of over 110,000 merchants, with a strong presence in the United States, United Kingdom, Canada, Australia, New Zealand, and Europe.
It says that its platform extends across 120 countries, where customers book tens of millions of appointments monthly. To date, Fresha has facilitated transactions worth over $35 billion in gross merchandise volume.
Zeqiri, CEO of Fresha, said: “The beauty and wellness industry is a dynamic world, buzzing with creativity, innovation, and an endless quest for service enhancement. Today, there is so much potential to be unlocked.
“Beauty service providers need a 360-degree view of each client, including booking behavior, preferences, payment methods, and lifetime value. Extracting insights from every transaction has become a key competitive advantage, allowing our users to offer highly tailored and personalized services.”
The post Fresha, the ‘Booking.com of salons’, gets £26m in venture debt appeared first on UKTN.
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