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Capify

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UK alternative finance company
Capify
Company typePrivate company
IndustryFinancial services
Founded6 December 2008; 16 years ago (2008-12-06)
HeadquartersAltrincham, United Kingdom
Area servedUnited Kingdom, Australia
Key peopleDavid Goldin, John Rozenbroek
ProductsBusiness loans, Commercial and industrial loans, Merchant Cash Advances
Websitewww.capify.co.uk

Capify is a United Kingdom based alternative finance company that is headquartered in Altrincham, England. It has a second office in Parramatta, Australia. It is a non-bank financial institution providing merchant cash advances and business loans to small and medium businesses. The company was founded by David Goldin in 2002.

History

In 2002, David Goldin created AmeriMerchant, an online alternative finance company specialising in revenue advance services for small businesses that ultimately became Capify. He was also a founding member and the previous President of the Small Business Financing Association (SBFA), formerly known as the North American Merchant Advance Association (NAMAA).

In 2008, the company expanded its operations to the United Kingdom under the name United Kapital, and extended its presence to Australia as AUSvance. Capify initially focused on delivering merchant cash advance (also known as MCAs). Capify expanded its operations to include typical small business loans in 2008.

In 2015, the company rebranded, unifying all the company's brands under the single name of Capify.

By 2017, the company sold its US division, to focus on the UK and Australian markets.

In 2019, Capify secured a £75 million credit facility from Goldman Sachs.

In 2022, Capify revamped its Quarterly SME Business Confidence Survey and introduced a confidence index, which was designed to measure and evaluate the survey results.

Recognition

In 2023, Capify was nominated as a finalist in the Business Moneyfacts Awards in the category of "Best Alternative Business Funding Provider". Capify UK won the "SME Lender of the Year at the Credit Awards.

In the same year, Capify UK was also shortlisted and won the Credit Awards "SME Lender of the Year - Lending up to £1 million" award.

References

  1. Brent Bowers (30 August 2007). "Goldman Sachs gives £75m boost to lending fintech Capify |, The New York Times". The New York Times. Retrieved 5 April 2023.
  2. Oscar Williams-Grut. "Goldman Sachs gives £75m boost to lending fintech Capify | Yahoo! Finance". Finance.yahoo.com. Retrieved 5 April 2023.
  3. "A CEO shares his best advice for getting promoted quickly when you're in your 20s". Business Insider.
  4. "Global Rebrand Gives Rise to Capify". AltFi. July 21, 2015.
  5. Waters, Cara (September 29, 2020). "Goldman Sachs-backed lender Capify taps into loan optimism". The Sydney Morning Herald.
  6. ^ "Capify secures $135 million from Goldman Sachs for SME loans". Australian Financial Review. January 16, 2019.
  7. Mingas, Melanie. "The sky is the limit". www.brokernews.com.au.
  8. "Capify closes £8 million equity raise". AltFi. September 30, 2020.
  9. AltFi (2020-09-30). "Capify closes £8 million equity raise". AltFi. Retrieved 2023-08-30.
  10. Waters, Cara (February 11, 2020). "'Natural evolution': Capify founder tips Australian fintech consolidation". The Sydney Morning Herald.
  11. Spicer, Stephanie (January 16, 2019). "Capify secures £75 million credit facility from Goldman Sachs".
  12. "SME lender Capify wraps up raising, ready to write new loans". Australian Financial Review. September 29, 2020.
  13. "Business Moneyfacts Awards 2023 Shortlist".
  14. "Credit Awards 2023 Shortlist". Credit Strategy. Retrieved 5 May 2023.
  15. "Credit Awards 2023 Winners". Credit Strategy. Retrieved 7 June 2023.

External links

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