Lead Advisor to GapCap Ltd on £5m Funding Line from Advance Global Capital (AGC)
Wilson Partners is pleased to announce that we recently advised GapCap Ltd on an initial £5m Funding Line from Advance Global Capital Ltd (AGC).
GapCap is a relatively new entrant to the Alternative Finance Market and has hit the ground running with its Selective/Single Invoice Finance Lending.
GapCap provides business with the ability to accelerate cash flow by releasing value tied up in selective invoices which enables a company to swiftly and economically access cash fast without entering into a full debenture and “whole of turnover” type agreements typical with other providers of finance and banks.
Alex Fenton, CEO of GapCap Ltd said, “The funding line from AGC represents a fantastic opportunity to really achieve scale quickly. This will help to satisfy the growing list of UK businesses looking to improve their own working capital through flexible facilities like ours. We believe we have found the perfect partner in AGC and delighted they have supported us in this way and look forward to a long and growing relationship. AGC felt right for us, having the same ethos and flexible approach that we take with our customers guarantees a perfect fit and platform for future growth.”
Adam Wardle, Director, Wilson Partners Ltd stated, “We are very excited about GapCap. GapCap’s place is enviable in an ever expanding market. Starved of cashflow by both their customers and the banks’ SME’s are driving demand for lending and need fast, robust, flexible solutions by credible fast, robust and flexible providers. GapCap provide just this.”
Hendrik Van Deventer, Advance Global Capital, said, “We are very pleased to be partnering GapCap and believe they are perfectly placed to serve this huge market. Advance Global Capital Ltd (AGC) is dedicated to financial inclusion. We help build stronger financial ecosystems and facilitate financing to small- and medium-sized enterprises (SMEs) in emerging markets”.
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