UK’s 365 Finance secures £150m debt facility from Pollen Street

By Gloria Methri

365 Finance, a provider of revenue-based finance to UK and Irish SMEs, has secured a £150 million debt raise with Pollen Street Capital. The facility will support over £300 million in annual originations and builds on 365’s 50% annual growth rate since 2020. It now also incorporates an EU line to support Irish SMEs.

London-based 365 Finance has originated over £0.5 billion to SMEs since 2014 and can advance up to £500,000 to businesses within less than 24 hours of application.

Warren Abbey, CEO of 365 Finance, said, “Our mission remains clear—to empower as many small businesses as possible by providing flexible, accessible capital through a customer-centric approach. Our growing partnership with Pollen Street enhances our ability to leverage cutting-edge technology and an innovative, highly automated lending platform to deliver on that promise.”

Adam Brown, 365 Finance’s CFO, added, “We are delighted to build on our long-standing relationship with Pollen Street, who continue to support 365 Finance’s journey. We see the deepening and broadening of our funding capabilities positively impacting UK and Ireland SMEs as they address cashflow needs.”

Michael Katramados, Partner, Pollen Street, said, “We are pleased to build on our strong relationship with 365 which started in 2018, increasing our facility to support their growth. Through this facility our financing will continue to support SMEs across the UK and Ireland, helping businesses access flexible and timely capital that meets their needs.”

Automated underwriting accompanied with a personalised approach are at the core of 365’s leading customer service. With this increase in funding, the business is well capitalised for the coming years to reach even more customers.