Funding from Pollen Street Capital.
In brief:
- Capify, an online SME lender, has secured a significant financial boost with a £100 million credit facility from Pollen Street Capital.
- The new credit facility, provided by Pollen Street Capital, will fuel Capify’s ambitious growth plans and serve as working capital to support thousands of SMEs across the UK and Australia in the coming years.
- Founded in 2008 by serial entrepreneur David Goldin, Capify emerged during the global financial crisis to address the challenge many small and medium-sized businesses faced in accessing essential funding from traditional banks.
What does this mean?
David Goldin, Founder and CEO of Capify, expressed enthusiasm about the collaboration with Pollen Street, stating, “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.” Goldin highlighted the significance of the deal, emphasising Capify’s commitment to offering rapid, flexible, and responsible support to SMEs.
