Capitalflow gets €10m in funding
Dublin-based Capitalflow, a commercial lender established last year to provide finance to SMEs, has been advanced an additional €10m in funding from backers Pollen Street Capital.
It brings the total equity secured by Capitalflow to just over €20m.
Capitalflow was founded by Harry Parkinson, who is its chief executive. He's a former executive at Close Brothers.
Capitalflow provides a number of financing solutions for SMEs, including invoice financing, asset finance and asset-based lending. Other executives at the firm include Ronan Horgan, who previously worked with Bank of Scotland Asset Finance in Edinburgh before joining its Dublin office in 1996. He's also a former managing director of Bibby Financial Services in Ireland.
London-based Pollen Street Capital has backed a number of different businesses. The private equity fund manager has invested over £1.2bn in a range of companies. Its portfolio of investments includes UK challenger bank Shawbrook.
Capitalflow received €10.1m in funding in April, and €10m last month, according to filings.