Small business lender Capify has switched funders from Goldman Sachs to Pollen Street Capital, a London-based private capital investor keen to lift its exposure to Australian fintech lending, Street Talk understands.
Capify, which has an $80 million SME (small and medium-sized enterprise) loan book in Britain and Australia, has secured a $190 million facility in a tough market for financial technology players, given higher global interest rates and uncertainty about the macroeconomic outlook.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
