Accelerated Payments, a global SME invoice discounting platform, secured €20m senior debt line financing.
Channel Capital Advisors arranged the financing.
The company will use the financial resources to fund its growth plans over the coming 6 months for deployment in the Irish, UK and other European markets.
Led by Ian Duffy, CEO, Accelerated Payments provides finance to businesses with an immediate need for working capital without asking for personal guarantees, liens, long-term contracts or paperwork. The company is based in UK, Ireland and Canada.
The current deal managed by Channel Capital will grow to a €50m programme, and will support AP’s business users over the next year. As an FCA authorised and regulated entity, the asset manager will also provide program management and monitoring services.