Funding for Fleximise
Christopher Jones, in Wright Hassall's Banking & Finance team, has advised Hadrian’s Wall Secured Investments Limited (HWSIL), a specialised investment fund, on its £16.3m financing facility for Fleximize, the UK’s first revenue-based finance provider.
The initial round of funding will allow Fleximize to substantially increase its lending capacity, and propel it towards its goal of lending over £100 million to SMEs by 2019. It will also help the company further develop and diversify its product offering, and continue to deliver its mission of first-class customer service by advancing its proprietary technology platform with the introduction of dedicated areas for brokers and direct clients.
Christopher Jones, senior associate who led the transaction for Wright Hassall, said:
“We are delighted to have acted again for HWSIL on another major financing. This transaction has once again required us to advise on and document an innovative, complex legal structure that will allow HWSIL to make available to Fleximize such a significant facility."