365 Business Finance, a direct financial provider in the UK, has completed a £55 million debt and equity raise as it aims to quadruple its lending to small and medium-sized businesses (SMBs) over the next two years.
Andrew Raphaely, 365 Business Finance
The equity round saw Kendal Capital invest in the business, while the debt facility was concluded with Pollen Street Capital.
365 Business Finance offers revenue-based funding up to £300,000 through its proprietary technology platform that boasts a “unique automatic collections process”.
Founded in 2012 and based in London, the company says repayments are “fully automated and perfectly align with sales, with no fixed repayments or set repayment period”.
It has seen significant growth in the last two years, “with demand more than doubling from pre-COVID levels”, it says.
Andrew Raphaely, 365 Business Finance managing director, describes the service as “unmatched” and says the company has already positioned itself as “the go-to alternative finance provider”.
