Manchester-headquartered commercial lending specialist DF Capital has raised a further £40m to “unlock our growth ambitions” and enable it to focus on accelerating its business plan.
The fundraise was supported by the company’s existing and new shareholders through the issuance of new shares.
The news comes after DF Capital announced in January that it had now supported more than £1bn of sales to UK dealers and manufacturers since it started lending activities in 2017.
Distribution Finance Capital Holdings plc (LON:DFCH) is UK specialist commercial lending and personal savings bank. From straightforward savings to practical finance solutions, our aim is to help customers manage and grow their business or savings. Founded as a specialist commercial lender in 2016, DF Capital was authorised as a bank in September 2020.