Capitalflow has today announced new funding of €100million to finance Irish SMEs after additional funding was secured through investment from two major UK banks and a leading US bank.
Capitalflow funds small-and medium-sized businesses through a variety of products, including confidential invoice discounting, leasing, hire purchase and asset-based lending, such as for property and stock. They were established in April 2016 and have advanced over €50 million to Irish businesses.
The company has recently appointed its senior management team along with eight regional managers to manage and drive the business regionally.
Commenting on the announcement, Managing Director of Capitalflow, Ronan Horgan said, "As a finance provider, we are focused on supporting SMEs in what we term ‘old style’ relationship financing. We visit, listen and learn from our customers about the business plan for the future. We are focused on the current and future plans rather than the past. We understand that SMEs have traded through very difficult times and they now need our support to grow as the economy recovers."