Merchant Money Raises £115M in Funding
- Merchant Money, a London, UK-based business finance lender, raised $115M in funding
- Backers included Barclays Bank PLC and new partner Quilam Capital
- The company intends to use the funds to grow its lending books across its secured and unsecured product offerings, and adds to its existing suite of senior funding lines
- The company is a lender which has been providing secured and unsecured business loans to SMEs on a UK-wide basis since 2013
- The business, which secured British Business Bank accreditation for CBILS & RLS lending respectively, added bridging and secured loans to its offering in 2020
