Capify, a fintech alternative small business finance provider in the UK and Australia, secured a £75m (approx. $95m USD) credit facility from Goldman Sachs Private Capital.
The company will use the new facility to accelerate the growth of its lending business to Australian and UK SMEs through its merchant cash advance (MCA) and business loan products.
Led by David Goldin, Founder and CEO, Capify provides flexible financing solutions to UK and Australia-based businesses seeking working capital to sustain or grow their business with focus on fast, personalized small business loans and merchant cash advances.
Active in the countries since 2008, the company has executed over 16,500 transactions for Australia and UK small businesses seeking business financing.
It with offices in Greater Manchester, England and Sydney, Australia has over 120 employees across both its offices.
For more details about the Australian business of the company, visit: http://www.capify.com.au.