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SoftBank invests $800 mn in working capital finance provider Greensill

UK-based non-bank provider of working capital finance, Greensill, has announced an investment of $800 million by the SoftBank Vision Fund.

Lex Greensill, Founder and Chief Executive Officer of Greensill, said: “We are proud to welcome Masayoshi Son and the Vision Fund team into the Greensill family, and we are excited about the opportunity of working with the company, its many partners and beyond. Greensill democratises access to capital using technology and the financial markets. We are agents of technological disruption with a mission to make available finance at the lowest possible cost for our clients and their suppliers, whilst opening up a whole new asset class to global investors.”

According to the supplier, the investment is expected to accelerate Greensill’s technology growth, improve access to capital for companies and enable the company to adapt to the dynamic liquid capital market for working capital finance assets. The investment will propel the supplier’s expansion efforts and help explore new growth opportunities. The company also intends to build upon its partnership with General Atlantic in expanding its market reach.

Colin Fan, managing partner of SoftBank Investment Advisers said: “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, we see immense opportunity to introduce working capital finance to a new generation of businesses around the world.”

Established in 2011 and headquartered in London, Greensill provides working capital finance facilities to customers across EuropeNorth AmericaLatin AmericaAfrica, and Asia. 

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