Japan’s Softbank is to invest $800 million in Greeensill Capital, valuing the supply chain finance funder at $3.5bn. This latest investment doubles the value placed on Greensill compared to the last significant investment when General Atlantic put in $250m at a valuation of $1.64 bn in July 2018.
In a statement, Greensill said the cash injection would be used to support the company’s entry into new markets such as Brazil, India and China, but also to ‘accelerate Greensill’s development of new technology to further improve access to capital for companies globally.’
In the past, Greensill has worked closely with SCF technology platforms, such as Taulia, as it built its SCF lending business to become one of the largest non-bank bond issuers in Europe, working with more than 100 global institutional investors.
Colin Fan, managing partner of SoftBank Investment Advisers said, ‘Greensill is a strong market leader in working capital finance and has played a pioneering role in the technological revolution that has transformed the industry. Through this new partnership, we see immense opportunity to introduce working capital finance to a new generation of businesses around the world.’