31st Jan 2022 - Capitalflow has repaid its €50m loan Facility from the SBCI following the company’s recent merger with leading EU Fintech bunq.
The SBCI had provided the facility to Capitalflow in January 2020 to facilitate Capitalflow to support an equipment, machinery and vehicle leasing programme.
Capitalflow’s SBCI offering was very successful in supporting its growth over the last two years. However, as Capitalflow has now merged with bunq and has access to competitive funding from its parent, it no longer requires the low-cost finance on offer from the SBCI.
Capitalflow continues to offer the Governments Covid Credit Guarantee Scheme operated by the SBCI.