2 years ago

TP24 Secures £345 Million Funding from Barclays and M&G Investments

  • TP24, a London-based fintech, raised £345 million in funding from Barclays and M&G Investments

  • Barclays will provide up to £200 million in warehouse financing, while M&G will contribute up to £40 million in mezzanine funding

  • TP24 specializes in flexible revolving business credit for SMEs, offering loans based on outstanding invoices without taking over the debtor base

  • The funds will be used to expand operations and reach in the UK, Netherlands, and Australia.

      • ProblemFinancial Services

      "Small and medium-sized enterprises (SMEs) often struggle to access flexible and affordable financing, especially when they need to grow their business."

      Solution

      "TP24 offers flexible revolving business credit based on outstanding invoices, without taking over the debtor base. This allows SMEs to access funding without having to give up control of their accounts receivables."

      Covered on