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Capital On Tap Gains £140M Of Funding To Boost Growth

by telegraph.co.uk posted 9months ago 86 views
An online lender to small businesses has secured £140m of debt funding to accelerate its growth from Wall Street giant Citi and fund manager M&G ­Investments. Capital on Tap was launched six years ago to provide finance to small companies underserved by the big high street lenders. The firm has secured £90m in debt funding from M&G and lender Triple Point, and a further £50m from Citi and private equity house Pollen Street Capital. It has raised more than £30m in equity and £200m of debt since launching in 2012.

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