Raketech Drives M&A Growth Plans with €15m Credit Facility for Marketing-Affiliates

The credit facility provides financial support to Raketech, an online affiliate and content marketing provider. Through this facility, Raketech can continue to grow through acquisitions and fund working capital, investments, and other corporate needs. The facility replaces a previous credit facility with Swedbank, and Raketech is pleased to establish a new relationship with Avida Finans and take advantage of favorable market conditions. The agreement offers beneficial terms and allows Raketech to maintain a strong pace in its M&A activities, promoting growth in key marketing-affiliate markets. The facility has an interest rate of 4.25% with an upfront annual commitment fee. It also includes an option for extension and can be renewed annually from its initial utilization date.Raketech’s revenue for the first quarter of 2021 reached €8.3m, a 26.6% increase compared to the same period last year. This growth was driven by the acquisitions of Lead Republik, an igaming affiliate network, and American Gambler, a US-facing affiliate website. However, there was a partial offset due to a reduction in revenue from the disposal of consumer finance assets to ROI Media UK in the fourth quarter of 2020.