11 UK-Based Working Capital Financing FinTechs to Watch out For

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In May 2019, SoftBank announced $800 million investment in Greensill, a UK-based working capital financing FinTech company which marked its second significant investment in the UK this year. One could be curious about what Greensill-like alternative finance players do to become so attractive for major investors such as SoftBank. Colin Fan, Managing Partner at SoftBank Investment Advisers, believes that “Greensill is a strong market leader in working capital finance and has played a pioneering role in the technological revolution that has transformed the industry. Through this new partnership, SoftBank sees immense opportunity to introduce working capital finance to a new generation of businesses around the world.” According to Greensill’s estimates, the untapped global market for working capital finance stands at $55 trillion, which makes it a niche business with enormous opportunities. Earlier this year, London-based MarketInvoice also raised $33 billion in funding while iwoca, another FinTech, secured ~$194 million in…

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