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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.

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

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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