London-based FinTech platform equipal secures €18.84 million to grow team and lending capacity
British asset finance platform equipal has raised €18.84 million (£16.25 million) in combined funding, including a €1.4 million equity investment, to expand its team to 12 employees within a year and boost lending capacity.
equipal, a London-based FinTech company that provides funding for business equipment, has secured €18.84 million (£16.25 million) in a combined investment. The funding includes a €1.4 million (£1.25 million) equity investment.
The company plans to use the funds to hire across business development, marketing, operations, credit, and data functions, with the team expected to grow to 12 over the next year. The investment is also aimed at increasing lending capacity to serve more clients.
This funding round highlights the growing demand for alternative financing solutions for businesses looking to acquire or lease equipment. equipal's digital platform enables companies to apply for funding quickly and conveniently.
