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TP24 raises £345m million in funding from Barclays and M&G Investments - London Business News

TP24 raises £345m million in funding from Barclays and M&G Investments - London Business News
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Swiss-based TP24 raises €397.7M to lend to SMEs in the Netherlands, the UK, Australia

According to TP24, the majority of the funds will be utilised to lend to SMEs in the Netherlands and the UK.

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TP24 Raises £345M in Funding from Barclays and M&G Investments

TP24, a fintech provider of flexible revolving business credit, has raised £345m in debt funding from UK parties Barclays Bank Plc (“Barclays”) and M&G Investments. The amount of £240m will be used for lending to SMEs in the UK and the Netherlands. Barclays is providing up to £200m in warehouse financing, while M&G is providing up to £40m in mezzanine funding. TP24 provides

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TP24 raises £345m in debt funding from Barclays and M&G Investments

TP24, a fintech provider of flexible revolving business credit, has raised £345m in debt funding from UK parties Barclays Bank Plc (“Barclays”) and M&G Investments.

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TP24 Raises £345 Million In Debt Funding | Crowdfund Insider

TP24 Raises £345 Million In Debt Funding | Crowdfund Insider
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