The facility is for over £100m

Pollen Street Capital provides £100m-plus credit facility to Capify




Online SME lender, Capify has secured a credit facility from Pollen Street Capital worth over £100m.

The company, which was launched in the UK and Australia in 2008, was advised by Katten Muchin Rosenman for the refinancing of the line which was originally provided by Goldman Sachs.

Commenting on the deal, Peter Englund, partner at Katten Muchin Rosenman said: “As a business operating in both the UK and Australia, the client falls within the complex borrower group for an asset-based lending arrangement.

“Nevertheless, Pollen Street Capital was able to see passed these complexities, and recognising the impressive, seasoned Capify management team who has been at the forefront of online SME lending since its inception in 2008.

“We look forward to watching Capify continue to thrive in their important role of ensuring access to finance for SMEs during more turbulent market conditions where the traditional lenders may be more hesitant.”

David Goldin, founder and CEO at Capify, added: “We are extremely excited about our future relationship with Pollen Street, a capital provider with a proven track record of partnering with impactful and innovative businesses.

“A big thank you to Peter Englund and the team at Katten for helping us in making this happen.”

 

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