Equipal raises £16.25m from Altum Capital to fund business equipment financing growth
By
Laura Varley
Summary
Equipal, a fintech company that funds business equipment, has raised £16.25m in combined equity investment and forward flow funding from Altum Capital Management. The funds will support the company's growth strategy, including hiring in business development, marketing, operations, credit, and data. The company soft-launched in 2021 by Eamonn McMahon.
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Key quotes
· 3 pulledThe funding will go towards the organisation's growth plans, including its hiring operations in areas such as business development, marketing, operations, credit and data.
Equipal, a fintech funder of business equipment, has secured £16.25m in combined equity investment and forward flow funding from Altum Capital Management.
The funds raised will go towards continuing Equipal's growth strategy and growing the team to accommodate new roles in business development, marketing, operations, credit and data.
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