CAPITAL ON TAP CLOSES $179 MILLION DEBT RAISE: Online small business lender Capital on Tap has raised £140 million ($179 million) in debt financing, with £90 million ($115 million) coming from two London-based investment houses — M&G Investments and Triple Point Investment Management LLP — and the remaining £50 million ($ 64 million) debt line financed by Citibank and private equity house Pollen Street Capital. Since its launch in 2012, the company has secured over £30 million ($38 million) in equity investments, as well as a further £200 million ($256 million) in debt. The company, which launched to address the financial needs of small businesses underserved by the major high street lenders, will use the capital to accelerate its UK operations and expansion into European markets. Although big banks have moved to offer mobile financial services to their individual customers, these practices have not necessarily translated to the products offered to SMBs. That means Capital on Tap has a large addressable market, and this latest raise should enable it to better tap into this base and issue loans to many more customers.




Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de

Estás comentando usando tu cuenta de Cerrar sesión /  Cambiar )

Google photo

Estás comentando usando tu cuenta de Google. Cerrar sesión /  Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión /  Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión /  Cambiar )

Conectando a %s