Capify secures a £100m credit facility from Pollen Street Capital to finance SMEs
The £100m credit facility from Pollen Street Capital will provide working capital and fund technology upgrades for small businesses in the UK and Australia.
Capify operates as an online alternative lender providing working capital and finance solutions to small and medium-sized enterprises in the UK and Australia.
Capify has secured a £100m credit facility from Pollen Street Capital to expand its lending operations and support small businesses across the UK and Australia.
The financing will supply working capital to thousands of enterprises and fund the upcoming release of the company technology platform, designed to accelerate decision-making for brokers and borrowers.
Established in 2008, the firm delivers rapid finance solutions to counter the ongoing shortfall in traditional bank lending for smaller enterprises.
From the founder
"We are extremely excited about our future relationship with Pollen Street, a capital provider with a proven track record of partnering with impactful and innovative businesses."
David Goldin
Founder and CEO at Capify
Investor perspective
"We are impressed by Capify’s seasoned management team and their enduring presence in the market. Since its inception in 2008, Capify has been at the forefront of online SME lending in both the UK and Australia, consistently demonstrating its commitment to the sector. Capify successfully addresses the needs of the underserved market segment, resulting from a chronic undersupply of bank financing, and promotes both financial inclusion as well as regional economic growth, aligning closely to Pollen Street Capital’s ESG framework. We are delighted to partner with Capify and support their ongoing growth"
Ethan Saggu
Investment Director, Pollen Street
Use of funds
- 01Continue product development
- 02Scale operations
