Swiss-based TP24 raises €397.7M to lend to SMEs in the Netherlands, the UK, Australia

Funding Rounds

▤ Summary

Zurich-based TP24, a B2B asset-backed lender that provides working capital facilities to mid-market SMEs, announced on Wednesday that it has secured £345M (approximately €397.7M) in a fresh round of funding. According to TP24, the majority of the funds will be utilised to lend to SMEs in the Netherlands and the UK. The funding came from UK-based Barclays and M&G Investments. Barclays will contribute up to £200M, while M&G will contribute up to £40M. In addition to the £200M for the Netherlands and the UK, Barclays has made available up to £105M for TP24 lending in Australia.

$ Funding

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Amount - Total raised
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Date - Announcement date
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Investors Barclays Accelerator Lead investors
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Company - Funded company

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