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.