SoftBank Vision Fund, as per recent reports this week, has announced an $800 million investment into Greensill, a London-based leading provider of working capital finance. Reports are that with this recent investment Greensill’s total worth is valued at $3.5 billion. Just a year ago, Greensill was valued at about half the current amount, when General Atlantic invested $250 million in it.
The UK fintech is renowned as an alternative supply chain funder to companies. The London-based Greensill in its estimation evaluates the largely untapped market for working capital finance at $55 trillion.
With this recent investment, Greensill plans on expanding its reach and developing new technologies in its bid to provide more accessible capital to its global clientele. The firm also has plans to accelerate its recent entry into Brazil along with other market advances, including China and India.
Greensill, founded in 2011 by Lex Greensill, an ex-banker at Morgan Stanley, has branch offices in New York, Chicago, Miami, Frankfurt, Johannesburg, and Sydney. Moreover, the company also is the sole owner of the Greensill Bank, founded in Bremen, Germany in 1927 and controls four proprietary supply chain finance funds.