Swiss Fintech Tp24 Raises £345M Debt Funding To Offer Flexible Business Credit To Uk Smes
Amount Raised
£345 Million
Round Type
Debt Financing
Investors
Description
TP24, a Swiss fintech offering flexible revolving business credit, has raised £345 million in debt funding from UK parties Barclays (which backed Liberis and WeFox) and M&G Investments. From this, £240 million will be used for lending to SMEs in the UK and the Netherlands. This is split into £200 million in warehouse financing from Barclays and up to £40 million in mezzanine funding from M&G.
Quick answer
TP24 raised £345 Million in a Debt Financing round, dated July 19, 2023. Investors: M&G, Barclays, M&G Investments and Barclays And.
- How much did TP24 raise?
- TP24 raised £345 Million in a Debt Financing round on July 19, 2023.
- Who invested in TP24?
- M&G, Barclays, M&G Investments and Barclays And are named as investors in this round.
- What does TP24 do?
- TP24 is the architect of a progressive new world of business finance, transforming long-held industry conventions and adapting to rapid technological advancements.
- Who are the decision-makers at TP24?
- Fundz holds 2 contacts at TP24. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as TP24 that raised within 45 days of this round, from Fundz verified event records.
- LemFi raised $33M (Funding Round) on August 24, 2023.
- LemFi raised $13M on August 3, 2023.
- Mercury Financial raised $200M (Funding Round) on July 26, 2023.
- Momnt raised $35M on July 26, 2023.
- fulfin raised an undisclosed amount (Funding Round) on July 26, 2023.
- Salmon Group raised $20M (Series A) on July 20, 2023.
Who to call at TP24, and when
A new round usually means TP24 is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day TP24 raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at TP24, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at TP24. With Fundz connected, it knows.
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Fundz sees it the moment TP24 raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
TP24 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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