Merchant Money: Raises £115M in Funding

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