UK asset finance platform equipal has secured £16.25m in a combined equity investment and forward flow facility from Altum Capital Management. The deal consists of a £1.25m equity injection alongside a £15m forward flow facility, composed of initial full lease funding and contingent junior funding. The London-headquartered fintech operates a
Oscar Hornstein
UK asset finance platform equipal has secured £16.25m in a combined equity investment and forward flow facility from Altum Capital Management.
The deal consists of a £1.25m equity injection alongside a £15m forward flow facility, composed of initial full lease funding and contingent junior funding.
The London-headquartered fintech operates a proprietary point-of-sale platform embedded with more than 75 UK equipment vendors.
It automates asset finance for business purchases up to £250,000 across sectors like manufacturing and transport, financing hard assets including CNC machines and coaches.
The fresh capital will be used to grow equipal’s headcount to 12 over the next year, hiring across business development, marketing, operations, credit, and data.
“I’m thrilled to get this deal over the line,” said Eamonn McMahon, founder of equipal.
“While the market environment has been challenging, our operating resilience and discipline on credit, while keeping the customer front and centre, has helped us get here. The structure of this deal allows for additional scale… and critically, provides us with operating flexibility.”
