multifi lands £15m Fintex facility to nearly triple SME lending
What's the deal? UK small and medium-sized enterprise (SME) lender multifi has secured a revolving credit facility of up to £15m from Fintex CapitalDealroom has a profile for this one. Try Dealroom →. The facility will fund working capital finance and term loans for UK businesses.
What's the endgame? Founded in 2023, multifi has provided more than £40m of loans to date. The new backing targets more than £100m of debt finance to UK SMEs over the next three years — nearly tripling its lending book.
Why now? multifi aims to close a funding gap it says leaves UK SMEs underserved by traditional lenders. It offers credit through fixed-rate lending, fast payments, and a streamlined process.
"With Fintex Capital's backing, we are ready to scale up and take multifi to the next level," said Rob Keown-BoydDealroom has a profile for this one. Try Dealroom →, chief executive of multifi.
Fintex, founded in 2016, is a UK private debt financing firm that has deployed £400m across the UK, Europe, and the US. Its chief executive, Robert StaflerDealroom has a profile for this one. Try Dealroom →, said multifi's "strong multi-year track record and analytical risk management framework are qualities we appreciate in a lending partner."
The signal: Non-bank lenders are stepping into space left open as traditional banks retreat from parts of the SME market. As Stafler put it, Fintex "understands the critical role non-bank lenders like multifi play in expanding access to finance."
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