10 Year Anniversary: A Message from the Founder
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10 Year Anniversary: A Message from the Founder

Ten years ago, I had an idea to bring a new and innovative concept – merchant cash advances – from the US and into new international markets.

But, back in 2008, the world was a very different place.

People questioned why I’d launch an international alternative finance business in the midst of the worst global financial meltdown in a generation.

But as the big banks were restricting lending, the opportunity to bring a new, alternative approach to the UK and Australia was there. And I seized it.

Powering international economies

Put simply, merchant cash advances enable SMEs to raise finance and pay it back through a small percentage of future credit and debit sales, which can adapt to the flexibility and seasonality of their businesses.

My mission was to introduce this product – as well as a range of others over time – to international markets, and with the right team of employees, customers and partners; a relentless focus on execution and a whole heap of hard work, I knew I could realise my ambitions for the company.

Now, ten years on, I look at the Capify businesses in the UK and Australia and I know every ounce of effort was worth it.

In 2018, the Capify team and I celebrated a very important milestone in two international markets – a decade of providing access to capital for SMEs via our merchant cash advance and business loan programmes, in turn helping businesses to thrive whilst driving job growth in both Australia and the UK.

Ten years on from that first step and both businesses remain as focused and committed as ever to financing our customers dreams and helping them realise their ambitions, whilst staying determined to maintain our own growth and to continue to be a driving force behind their national economies.

Adding up the numbers – fueling growth in the UK

If I look at the UK arm of Capify in particular – which I had the opportunity to visit on their 10th anniversary celebrations earlier this month – I see a team that backs each other, that goes over and above to support our customers, and that is focused on growth and future-proofing their businesses.

From that first UK deal funded in September 2008, we’ve gone on to make almost 10,000 transactions for thousands of UK SMEs over the last decade.

We’ve been able to inject a substantial amount of working capital into the UK economy in the right – and a responsible – way.

We’ve helped small and medium sized businesses create thousands of new jobs.

We’ve helped ambitious entrepreneurs and business owners realise their dreams.

And we’ve helped to power the UK economy.

Now the UK team is aiming to capitalise on the festive surge we see annually in SME capital raising, and we’ve set some ambitious targets for 2019 and beyond.

Ten years on, now to the future

Simple, affordable and smart financing options – delivered responsibly – to support business growth is what we’ve delivered over the past decade, and that won’t change.

From that initial merchant cash advance concept, we’ve developed a range of alternative financing options over the last ten years, including business loans and credit card processing.

And we will continue to evolve these products as the retail landscape shifts.

Helping small and medium sized businesses to achieve their aspirations has been in our DNA since that very first day we made our first deal.

Ten thousand or so transactions later…that hasn’t changed. And under my leadership it never will.

I know the success of Capify isn’t just down to the business model, it’s down to the people. So, I’d like to thank the amazing employees Capify has across the world – we wouldn’t be where we are without you.

Thanks also to the partners who have been part our journey, and thanks to every single customer who has chosen us to help them reach for their dreams.

Here’s to the next decade.

David Goldin