Manchester-headquartered commercial lending specialist DF Capital has raised a further £40m to "unlock our growth ambitions" and enable it to focus on accelerating its business plan.
The fundraise was supported by the company's existing and new shareholders through the issuance of new shares.
Chief executive Carl D’Ammassa said: "This extra capital injection further unlocks our growth ambitions and enables us to focus on accelerating our business plan.
"We are looking forward to building our loan book further by supporting the needs of our dealer and manufacturer customers as we look beyond this third lockdown.
"This is a great vote of confidence from investors and demonstrates the significant support of the firm’s growth strategy.
"As a recently and fully authorised bank, we have an exciting journey ahead of us - that’s undoubted."
The news comes after DF Capital announced in January that it had now supported more than £1bn of sales to UK dealers and manufacturers since it started lending activities in 2017.
DF Capital employs more than 70 people and works with manufacturers and dealers in a variety of leisure and commercial sectors.
