£2million debt/equity solution for retailer finance provider
We arepleased to announce our latest close,a debtand equity raiseforaniche finance platform.
Our client runs a FinTech lending platform. The service enables small retailers, tradespeople and professionals to offer their customers interest-free instalment plans, resulting in increased sales and competitive advantage.
The business had been self-funded by the founders and profitable since inception.
The company identified new lending opportunities but this growth became dependent on the availability of external funding. The founders approached B&Y because of our proven track record of raising debt and equity capital for non-bank lenders.
Investment and Outcome
We identified several debt and equity funders who specialise in supporting non-bank lenders from within our network. Weconstructed the case, generated interest from the right parties and arranged meetings where we presented the opportunity. Subsequently, we supported our client throughlengthy negotiations with all interested parties.
Our clients are delighted with the outcome. The funders haveprovided a £2m debt facility, which will grow in support of the customer loan portfolio anda six figureequitysumto help build the infrastructure required to service this portfolio. The funder has also expressed serious interest in acquiring the remainder of the business once it hits agreed milestones, providing the founders with a clear exit route.
