SoftBank's Vision Fund invests $800mn into UK fintech Greensill

By Olivia Minnock
A report by Bloomberg has revealed that SoftBank is investing into a UK fintech through its Vision Fund. Greensill Capital is a London-based company t...

A report by Bloomberg has revealed that SoftBank is investing into a UK fintech through its Vision Fund.

Greensill Capital is a London-based company that provides alternative supply chain funding. Founded in 2011, with ex-Morgan Stanley banker Lex Greensill among the founding members, the company also has offices in the US, Germany and Australia. Greensill has over 290 specialists worldwide, with the aim of changing the way businesses unlock capital.

SEE ALSO:

According to reports, the company will be valued at $3.5bn following the investment. The Telegraph has commented that if the deal goes ahead as reported, Greensill will become one of the wealthiest London-headquartered fintech startups.

The source who spoke to Bloomberg commented that the company intends to explore new markets: it has just entered Brazil and will now look to China and India.

The SoftBank Vision Fund is famously worth $100bn in total. It was created in 2017 through partnership with the Public Investment Fund of Saudi Arabia. So far, notable beneficiaries of the fund have included Flipkart, Slack, Paytm, Policy Bazaar, WeWork and DiDi.  

 

Share

Featured Articles

FinTech LIVE New York – Reasons to Attend

Returning June 2024, FinTech LIVE New York will be the ultimate event to connect the world’s influential fintech leaders in North America

FinTech LIVE New York – One Month to Go!

Just one more month to go until FinTech LIVE New York, don’t miss out on attending the ultimate virtual event for fintech leaders in North America

The Global FinTech Awards: The Categories – Part 3

Discover the awards that your company, executive or project could be honoured with at The Global FinTech Awards 2024

SUBMISSIONS EXTENSION: The Global FinTech Awards 2024

Tech & AI

Joel Perlman, Co-founder, OakNorth joins FinTech LIVE London

Financial Services (FinServ)

The Global FinTech Awards: The Categories – Part 2

Financial Services (FinServ)