FinacityGreensill has bought receivables securitisation specialist Finacity, which will now become a wholly-owned part of Greensill. The move comes shortly after Softbank invested $800m in Greensill.

In a statement, Greensill said it would “Immediately expand the range of products and services available to both firms’ clients while Finacity will continue to deliver its services as a distinct operating company within the Greensill group.”

Finacity was founded in 2001 with investment capital and support from ABN AMRO, Bank of America, and Euler Hermes and now has borrowers in more than 175 countries. Its CEO, Adrian Katz, will continue in his role under Greensill’s ownership.