It was announced today that Ireland’s fastest growing specialist business lender, Capitalflow, plans to provide up to €150 million in new business lending across its product range in 2018. This will see its customers grow from its current levels of 900 to 1,600 new business customers during the year.
To deal with this demand, Capitalflow will invest €10m in a new Dublin headquarters and will create 40 new jobs over the next three years, growing its total headcount to 90 by 2020.
Currently, Capitalflow has over 900 customers in the Irish market. Through its various financial products, the company has funded over 2,000 business transactions, including debtor finance, construction and heavy goods vehicles purchases and property acquisitions since establishing two years ago.
In December 2017, Capitalflow acquired bridging finance specialists BBF Capital. The acquisition means that the company are now offering term loan and bridging finance facilities to Irish business owners. BBF Capital has provided over €40 million of bridging finance facilities to companies in Dublin, Limerick, Cork, Galway and main provincial towns.
Commenting on the new investment, Chief Executive Officer of Capitalflow, Ronan Horgan said, "Capitalflow challenges the status quo. We provide both small and large businesses the means to realise their ambitions in a time-effective, efficient way. Customers appreciate the open, flexible and fast response times we can provide over traditional options."