Small business finance firm SAPI lands $80m funding boost
5 Articles
5 Articles
Small business finance firm SAPI lands $80m funding boost
Founded in London and Hanoi by former Goldman Sachs and AlixPartners executives, SAPI will announce this week that it has secured debt and equity funding in a round led by Hudson Cove, Sky News understands.
Financing platform SAPI secures £60m funding
SAPI, a payment-linked financing platform, has raised around £60 million in debt and equity funding. The funding – more than £57m in debt and almost £4m in equity – will be used to scale SAPI’s repayment-at-source technology and expand its global footprint. The round was led by Hudson Cove, a US-based alternative credit asset manager, marking one of the firm’s inaugural UK transactions as it looks to expand beyond the United States – and receiv…
Small Business Finance Firm SAPI Lands $80m Funding Boost
Sky News understands that SAPI has secured $75m in debt financing and $5m of equity in a round led by Hudson Cove, a US-based alternative credit asset manager. Co-founded by Mai Le, formerly of Goldman Sachs, and Alexis van Lennep, who used to work for AlixPartners, SAPI has advanced tens of millions of pounds to small businesses, the vast majority of which are either immigrant- or female-owned. Money latest: A mixed picture for inflation It aim…
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