The Vision Fund grant will be dedicated to new technologies aimed at further improving access to capital, with Greensill building on its partnership with global investment firm General Atlantic.
The company aims to expand its global network, with plans to enter markets such as China and India, having recently established itself in Brazil.
“Greensill democratizes access to capital using technology and financial markets,” said Lex Greensill, founder and chief executive officer.
“We are agents of technological disruption with a mission to make financing available at the lowest possible cost to our clients and their suppliers, while opening up an entirely new asset class to global investors.”
The global working capital finance market is valued at $55 trillion, according to a study by the company, which indicates that a small fraction of this market is accessible.
While traditional banks typically offer working capital finance to a limited number of large clients, Greensill aims to use a data-driven model to open the market to all businesses, regardless of their size, range or location.
Greensill said it currently works with more than 100 global institutional investors, providing more than $60 billion in financing to more than 8 million clients across 60 countries.
“Greensill is a significant leader in the working capital finance market and has played a pioneering role in the technology revolution that has transformed the industry,” said Colin Fan, Managing Partner of SoftBank Investment Advisers.
“Through this new partnership, we see a huge opportunity to introduce working capital financing to a new generation of businesses around the world. »
Morgan Stanley was financial advisor and Allen & Overy provided legal advice to Greensill on the transaction.
