Leading online SME lender Capify has today secured a £100m credit facility from Pollen Street Capital (Pollen Street), an alternative asset manager dedicated to investing within financial and business services.
The new facility will support the lender’s ambitious future growth plans and provide working capital to thousands of SMEs over the coming years.
Capify was launched in the UK and Australia in 2008 by serial entrepreneur David Goldin, against the backdrop of the global financial crisis, when many small and medium-sized businesses were struggling to access vital funding from banks. Founded initially in the United States in 2002, Capify was one of the world’s first online alternative financing companies for SMEs. Last year it was named the UK Credit Awards SME Lender of the Year (up to £1m).
