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Abstract:SoftBank has invested $800 million in Greensill Capital in a much-needed vote of confidence for the UK's financial sector.
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here.SoftBank has invested $800 million in Greensill Capital in a much-needed vote of confidence for the UK's financial sector, which has been hampered by continued Brexit uncertainties, per a press release.Greensill, founded by former Morgan Stanley and Citigroup banker Lex Greensill and advised by former UK Prime Minister David Cameron, provides supply chain funding to businesses across 60 countries. SoftBank's investment via its $100 billion Vision fund, one of the world's largest tech investment vehicles, values the startup at $3.5 billion, per Bloomberg.Here's what it means: Greensill's made a major mark on supply chain financing — and SoftBank's cash and know-how is likely to strengthen its position.Greensill is a key player in the niche business of supply chain financing. The startup acts like a buffer between a business and its clients, allowing businesses to access greater working capital and giving client firms more time to pay off their debts. Businesses looking to secure financing from Greensill apply online, with the process completed in minutes. The startup charges a fee for its services as well as interest for providing the finance, underwritten from its own balance sheet and through its partnerships with institutional investors. Since its launch in 2011, the firm has unlocked $60 billion in working capital, making it the second-biggest player in global supply chain financing, behind only investment bank behemoth Citi, per The Australian.The startup has earmarked the latest funds for geographical expansion and technology development.Greensill will accelerate its expansion into Brazil, a market it's already present in, and enter new countries including India. Given its success already, and with a major backer like SoftBank on board, these efforts will likely help the company continue its strong growth.The bigger picture: SoftBank's investment is vital news not just for Greensill, but for the UK as a whole.SoftBank's investment in Greensill is the second major bet it's made on a UK fintech this year. SoftBank pumped $390 million into neobank OakNorth earlier this year. These investments are welcome news for the UK's fintech sector amid continued uncertainty over the effects of Brexit. Fintech funding has seemingly been insulated from negative impacts so far: The UK remains Europe's fintech capital, with startups in the country capturing 56% of the region's total fintech investment across 2018, per Accenture.However, the uncertainty surrounding Brexit is beginning to impact some players' allure. For instance, we reported yesterday that BBVA has forgone its option to acquire neobank Atom, and concerns over the lack of clarity regarding the terms of the UK's exit from the EU were key in driving that decision. Given these worries, SoftBank's investments could have a much more significant impact, beyond the startups it's investing in, by giving the UK's fintech sector a rounding endorsement.
这是专门向Business Insider Intelligence Fintech Briefing订阅者提供的故事的摘录。要获得完整故事以及每天早上的其他见解,请点击此处.SoftBank已经向Greensill Capital投入了8亿美元,对英国金融业进行了急需的信任投票,英国脱欧不确定因素一直受到新闻稿的影响。 Greensill由前摩根士丹利和花旗集团银行家Lex Greensill创立,并由前英国首相戴维•卡梅伦(David Cameron)提供咨询,为60个国家的企业提供供应链资金。 SoftBank通过其价值1000亿美元的Vision基金投资,这是全球最大的科技投资工具之一,按照Bloomberg的价值计算,创业投资额为35亿美元。这就是它的意思:Greensill在供应链融资方面做出了重大贡献 - 以及SoftBank的现金和专有技术可能会巩固其地位.Greensill是供应链融资利基业务的关键参与者。该创业公司就像是企业与客户之间的缓冲,使企业能够获得更多的营运资金,并为客户公司提供更多时间偿还债务。希望从Greensill获得融资的企业在线申请,流程在几分钟内完成。该创业公司收取其服务费用以及提供融资的利息,由其自身的资产负债表以及与机构投资者的合作伙伴关系承保。自2011年推出以来,该公司已经解锁了600亿美元的营运资金,使其成为全球供应链融资的第二大参与者,仅次于投资银行巨头花旗,每澳大利亚。该创业公司已拨出最新资金用于地域扩张技术开发.Greensill将加速向巴西的扩张,这是一个已经存在的市场,并进入包括印度在内的新兴国家。鉴于其已经取得了成功,并且拥有像SoftBank这样的主要支持者,这些努力可能有助于公司继续保持强劲增长。更大的图片:SoftBank的投资不仅是Greensill的重要新闻,也是整个英国的重要新闻.SoftBank对Greensill的投资是今年英国金融科技公司的第二大投资。 SoftBank今年早些时候向新网络OakNorth注入了3.9亿美元。由于英国脱欧的影响持续不确定,这些投资对英国金融科技行业来说是个好消息。到目前为止,金融科技的资金似乎已经不受负面影响:英国仍然是欧洲的金融科技资本,根据埃森哲,该国的创业公司在2018年占据该地区金融科技投资总额的56%。然而,英国脱欧的不确定性开始影响一些人球员的诱惑力。例如,我们昨天报道称,BBVA已放弃收购新一代Atom的选择权,并且对英国退出欧盟条款缺乏明确性的担忧是推动该决定的关键。考虑到这些担忧,SoftBank的投资可以产生更大的影响,超出其投资的创业公司,通过给予英国金融科技部门一个圆润的认可。
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