ATVEN advises Buyline on a £25m debt financing line
Buyline secures a significant capital facility from BCI Capital, fuelling growth and expansion
IBuyline is excited to announce that it has successfully secured a substantial capital facility from BCI Capital, marking a significant milestone in the company's growth journey.
As a leading provider of retail Point of Sale/Embedded finance for the UK SME market, Buyline supports over 200 business partners operating in a wide range of sectors including dentistry, training and education and retail. Led by Chief Executive Huw Phillips, Buyline has experienced rapid growth over the past 18 months, with its lending portfolio expanding threefold. With SME being a traditionally underserved market for retail finance, Buyline offers both regulated and unregulated loans to UK consumers through its growing network of business partners.
The facility from BCI Capital will enable Buyline to build upon its current momentum and pursue ambitious growth targets. Buyline has a pipeline of potential customers which will further expand its reach in the UK market, estimated to be worth around £13.1bn. Buyline Chief Executive Huw said: "We are thrilled to announce our partnership with BCI Capital. This funding line represents a major vote of confidence in Buyline's vision and growth trajectory. With the support of BCI Capital, we are well-positioned to accelerate our growth and expand our footprint in the market."
Sam Kemp, CEO of BCI Capital commented: “Buyline’s differentiated, customer-centric offering is laser-focused on addressed underserviced parts of the SME landscape. BCI is excited to be partnering with the business and we look forward to working with Huw and the team as Buyline scales.”
About Buyline: Buyline is a FCA Regulated provider of retail Point of Sale/Embedded finance focused on the large, underserved UK SME market. For more information, visit www.buyline.co.uk
About BCI: BCI Capital is an FCA regulated alternative investment manager, providing debt capital to seed and growth stage alternative finance businesses. BCI supports innovators who are disrupting funding in SME finance, auto finance and student loans, as well as newer asset classes such as music royalties and gaming.To learn more, visit: www. https://www.bci-capital.com.
