Online lender secures ‘landmark’ £75m credit facility from Goldman Sachs
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Online lender secures ‘landmark’ £75m credit facility from Goldman Sachs

The Small business lender said the extra cash will meet ‘increasing customer demand’.

Fintech small business lender Capify has clinched a “landmark” £75m credit facility from US banking giant Goldman Sachs, to support further growth in its UK and Australian markets.

The firm, which in the UK is based in Altrincham, makes online merchant cash advances and business loans to smaller firms looking for funds.

Since the business was founded in 2008 it has made over 16,500 transactions with companies in these markets seeking extra finance. It has lent more than £150m to British firms over the past decade.