Priya PatelTLDR:
- UK fintech SAPI has secured £7.5 million in equity fundraising for small business lending.
- SAPI enables payment companies to offer business loans and financing products to clients, earning a revenue share.
Emerging from stealth mode, SAPI is focused on transforming the small business lending landscape. The company enables payment companies to offer business loans and other financing products to their clients, allowing them to earn a revenue share while expanding their payment ecosystem. Co-founder and CEO Mai Le emphasized the company’s mission to drive the growth of small businesses and help payment companies strengthen their relationships with clients.
The company has recently closed a £7.5 million equity fundraising round, with high-profile backers including individuals such as the founder of Monzo, the founder of Lendable, and the co-founder of TrueLayer. The funding round was entirely put together by existing shareholders who have reinvested for the third time at an increased valuation.
The new capital raised will be used to onboard new strategic partners, enhance the company’s product offerings, and expand its presence in Europe. SAPI has already established several prominent partnerships, which are currently confidential due to non-disclosure agreements.
This latest fundraising round solidifies SAPI’s position as a key player in empowering small businesses, particularly in light of the economic challenges highlighted by the pandemic. With a strong founding team and innovative approach in the embedded finance sector, SAPI is poised to make a significant impact in the UK and European financing ecosystem.
