The debt facility will enable the fintech to provide over £200m in annual funding and advance its product development.
"The vast majority of SMEs we interact with are willing to grant us access to their bank data via Open Banking. They’re familiar with this tool because it is commonly used with their accounting software. They see the benefit of a simpler process than manually providing bank statements and other data. Nor do they have to make personal guarantees when applying to us."
Northern Gritstone backed the Hull-based bioplastics developer to support team expansion and commercialisation.
"Everyday oil-based plastics are contributing to the global environmental crisis. Our vision is to offer brands an alternative product and through this transform the global plastics market. We are delighted to partner with Northern Gritstone. Their support, experience and investment will enable us to develop our team and deliver our commercial strategy."
British Design Fund backed the London robotics startup as it prepares to deploy monitoring hardware in international markets.
"We believe the ocean is central to solving the climate and nature emergency. Not only can seaweed capture up to 20x more carbon than terrestrial trees but when farmed responsibly it can also provide a sustainable food source and aid biodiversity, while empowering coastal economies."
ACF Investors led the seed round to help the sustainable tech startup scale its brand and technology stack.
"We want to give everyone access to high quality, great value tech, with a flexible, hassle-free experience. Mounting ESG pressures means that businesses are looking for integrated solutions that will help them achieve their climate goals. Reboxed’s sustainable services help businesses do just that. This latest investment will be used to expand our growing team, build out our technology stack and scale the brand."