Capify, an alternative small business finance provider based in the UK and Australia, secured a £75 million ($95 million) credit facility from Goldman Sachs Private Capital.
The fintech company will use the new facility to accelerate the growth of its lending business to Australian and UK small businesses through its merchant cash advance and business loan products, as well as for on-going working capital.
Capify has been active in the UK and Australia since 2008, executing over 16,500 transactions for Australian and British businesses.
“This is a landmark achievement for Capify and we are very pleased that we have secured this financing with Goldman Sachs, one of the premiere capital providers in the world,” said David Goldin, Capitfy founder and CEO. “This new multi-year credit facility allows us to deliver on our own growth plans, whilst providing much needed access to capital for British and Australian small businesses to help them to grow, to boost the economy and to create jobs.”
Pankaj Soni, executive director at Goldman Sachs Private Capital, said, “Capify is one of the leading small business finance providers in the UK and Australia. We have been impressed with the management team, business model and innovative finance solutions for small businesses. We look forward to supporting their growth in the years ahead.”
“We are extremely excited about our future relationship with Goldman Sachs,” added John Rozenbroek, Capitfy chief financial officer. “The credit facility will enable us to continue on our growth trajectory while offering even more attractive and innovative solutions to thousands of small businesses in need of capital.”
Goldman Sachs Private Capital is Goldman Sachs’ investment platform dedicated to providing long-term capital to growth and middle-market companies throughout the U.S., Europe and Israel.
