• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Venture Capital Matters

#VentureCapital: VC meets social media

  • Pitch a Startup
    • Make a Contribution
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

Greensill Announces $800 Million Investment by the SoftBank Vision Fund

May 13, 2019 By 3v.org Leave a Comment

Greensill, the leading non-bank provider of working capital finance for companies globally, today announced an $800 million investment by the SoftBank Vision Fund.

The transaction underscores the value of working capital finance as the most advanced means of providing low cost capital to companies large and small, while opening up a new asset class to global investors.

Lex Greensill, Founder and Chief Executive Officer of Greensill, said: “The SoftBank Vision Fund’s investment is a resounding endorsement of the work we do at Greensill unlocking capital so our clients can put it to work. We are proud to welcome Masayoshi Son and the Vision Fund team into the Greensill family, and we are excited about the opportunity of working with the company, its many partners and beyond.”

The worldwide market for working capital finance is valued at $55 trillion, according to the latest research by Greensill, while only a small fraction of that opportunity has been accessed. Traditional banks typically offer working capital finance to a limited number of large clients. Greensill’s differentiated technology-driven approach opens the market to all companies no matter their size, scope or location based on a sophisticated, data-driven model.

“Greensill democratises access to capital using technology and the financial markets,” Lex Greensill added. “We are agents of technological disruption with a mission to make available finance at the lowest possible cost for our clients and their suppliers, whilst opening up a whole new asset class to global investors.”

Greensill is one of the largest non-bank bond issuers in Europe, working with more than 100 global institutional investors, unlocking capital to provide more than $60 billion of financing to more than 8 million customers across 60 countries.

The Vision Fund’s investment will accelerate Greensill’s development of new technology to further improve access to capital for companies globally and meaningfully enhance the firm’s ability to support the development of a broad, liquid capital market for working capital finance assets.

With the Vision Fund, Greensill will build on its partnership with General Atlantic to continue developing its already extensive global network, further grow its established origination and distribution strategy, and explore new and deeper opportunities for collaboration.

Greensill will also accelerate its recent entry into Brazil and plans to enter multiple global markets including China and India. Since 2015, Greensill has delivered annual growth of more than 100%.

Colin Fan, managing partner of SoftBank Investment Advisers said: “Greensill is a strong market leader in working capital finance and has played a pioneering role in the technological revolution that has transformed the industry. Through this new partnership, we see immense opportunity to introduce working capital finance to a new generation of businesses around the world.”

Morgan Stanley were financial advisors and Allen & Overy were legal advisors to Greensill on the transaction.

About Greensill
Greensill is a leading provider of working capital finance for companies globally. Founded in 2011, Greensill provides businesses with alternative sources of funding, allowing them to provide suppliers with the opportunity for faster payment, while at the same time preserving their own capital position. The company is headquartered in London with offices in New York, Frankfurt, Chicago, Miami, Singapore, Sao Paulo, Mexico City, Johannesburg, Sydney, Warrington and Bundaberg. Greensill provides Working Capital Finance facilities to customers across Europe, North America, Latin America, Africa, and Asia. The company owns Greensill Bank, which was founded in Bremen, Germany in 1927, has a suite of proprietary Supply Chain Finance Funds run by world leading fund management organisations, and works with more than 100 institutional investors that together provide stable funding. Greensill has extended more than $60 billion of financing to more than 8 million customers across 60 countries since inception.

Related

Filed Under: PR

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Posh raises $3.8M seed round to automate EV battery recycling
  • Strapi Secures $31 Million in Series B Funding to Further Develop Open Source Headless Content Management System and Deliver Cloud Platform
  • Salesroom Raises $8.5M to Bring Smart Video to Sales Meetings
  • Parallelz Raises $3M Pre-Seed Funding to Challenge App Store Monopoly
  • Appsmith Raises $41 Million to Scale Open Source Platform that Speeds Critical Internal App Development
  • Electric Hydrogen Secures $198M in Financing to Decarbonize Global Industries With Fossil-Free Hydrogen
  • Rivet Raises $20.5 Million Series B Led by Catalyst Investors
  • CloudNC raises $45m to deliver autonomous manufacturing
  • Platform.sh Raises $140 million in Series D Funding
  • Canditech raises $9 million seed round from Insight Partners and StageOne Ventures to create a world without resumes

Media Partners

  • VPNW
  • S3H
  • OPINT
  • Press Media Release
  • OSINT
  • Digital Market
  • Briefly
  • App Coding
  • API Coding
  • Blockchaining

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Defense Conferences
  • Cybersecurity Events
  • Event Calendar
  • Calendarial
  • Opinion
  • Domain Name for Business

Copyright © 2018 3V.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT