Merchant Money, a London, UK-based business finance lender, raised $115M in funding.
Backers included Barclays Bank PLC and new partner Quilam Capital.
The company intends to use the funds to grow its lending books across its secured and unsecured product offerings, and adds to its existing suite of senior funding lines.
Led by CEO Luke Jooste, Merchant Money is a lender which has been providing secured and unsecured business loans to SMEs on a UK-wide basis since 2013. The business, which secured British Business Bank accreditation for CBILS & RLS lending respectively, added bridging and secured loans to its offering in 2020.
FinSMEs
14/02/2023