A FinTech company based in Greater Manchester has successfully secured a £75 million credit facility from Goldman Sachs Private Capital. This facility will be instrumental in supporting the company’s growth ambitions.
The new financing aims to boost the company’s lending activities to UK SMEs through various financial products, enhancing their capacity to meet the working capital needs of small and medium-sized enterprises.
Details of the Agreement
The alternative SME finance provider has obtained £75 million from Goldman Sachs to facilitate growth. This sizeable investment is expected to accelerate the company’s lending to UK SMEs via its merchant cash advance and business loan products.
Company Background
Since its inception, the company has delivered £150 million in business loans and merchant cash advances. This track record underscores the firm’s commitment to supporting UK SMEs.
Executive Insights
The facility validates the company as a market leader and highlights the strength of its business model in offering simple, affordable, and smart financial options to UK SMEs.
Comments from Goldman Sachs
Soni also expressed optimism about supporting the company’s growth in the coming years.
Market Impact
With this new facility, the company is well-positioned to further cement its leadership in the SME finance market and continue providing valuable financial solutions.
Strategic Vision
By focusing on innovation and customer-centric solutions, the company aims to maintain its competitive edge in the dynamic financial market.
Future Prospects
The management team is committed to sustainable growth, with a focus on long-term value creation for its stakeholders.
Conclusion
With a substantial £75 million credit facility from Goldman Sachs, the Greater Manchester FinTech company is poised for significant growth. This funding will not only bolster its lending capabilities but also support the broader economic landscape.
The securing of a £75 million credit facility is a milestone for the Greater Manchester FinTech company. It marks a significant step towards achieving its strategic growth objectives.
By enhancing its lending capabilities, the company is set to make a positive impact on the local economy, providing essential financial support to UK SMEs and fostering economic development.