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Equipal raises £16.25m from Altum Capital to fund business equipment financing growth

By

Laura Varley

12d ago· 2 min readenNews

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.

Source

bskyEquipal raises £16.25m from Altum Capital to fund business equipment financing growthsiliconrepublic.com

Key quotes

· 3 pulled
The 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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Equipal, a fintech funder for businesses, has raised more than £16m to continue its growth strategy and plans for expanding the team.

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