Carl D’Ammassa steers DF Capital successfully through Covid headwinds

Last month (February), DF Capital concluded a £40 million fundraise by way of a new share issue. The move followed its authorisation as a bank at the end of September the previous year with the aim of offering personal savings accounts to individual customers to support its commercial lending activities.

As a result, by the end of 2020 the company had raised over £145 million of deposits which consisted of 90-day notice, 1-year, 15-month, 18-month and 2-year fixed rate accounts. This led to DF Capital being awarded the Feefo “2021 Trusted Service” accolade.

DF Capital was launched from a standing start in June 2016 and began lending in mid-2017. By the end of 2020 the company had cumulatively originated loans of more than £1 billion.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
DF Capital

More articles like this

DF Capital

DF Capital strengthen team

DF Capital has promoted Tomas Oliveira da Silva to chief risk officer, subject to regulatory approval, replacing Desmond McNamara, who retired in February. In his role as CRO, Tomas will lead the bank’s second line of defence function,

DF Capital

DF Capital increases Zero Motorcycles visibility in the UK

DF Capital has worked with Zero Motorcycles for the past two years and in that time has helped the business grow its dealer base, increasing its visibility in the UK. Zero Motorcycles is a manufacturer of high-performance electric

DF Capital

DF Capital is a Living Wage Employer

DF Capital today announced that it has been accredited as a Living Wage Employer with a commitment that every employee will receive a salary that exceeds the minimum hourly wage of £9.50, compared with the National Living Wage,