London’s SAPI raises €69M to help small businesses get funding through payments

SAPI has raised $80M (nearly €69M) to expand its payment-linked financing services and support more small businesses.

London-based SAPI, a provider of Liquidity-as-a-Service and credit infrastructure for payment companies, has secured $80M (nearly €69M). This includes roughly $75M in debt and $5M in equity.

Investors in the round include Hudson Cove, along with existing backers Triple A Capital and Passion Capital.

Mai Le, co-founder & CEO of SAPI, “Having the right backer at the right time can fundamentally change someone’s life and the trajectory of the business they’ve started.” 

“This funding round lets us scale payment-linked financing that repays at source and reaches more business owners who are too often overlooked by traditional lenders.”

SAPI plans to scale its payment solutions and extend operations in London and Hanoi. The company recently established a financial technology entity in Vietnam.

Accessible capital that runs on payments

SAPI provides payment-linked financing that allows repayments to be collected directly from card and account-to-account payments. The system is designed to align repayment with business trading and reduce administrative work for business owners.

The company works with partners, including Payment Service Providers, marketplaces, brokers, vendors, and financial technology firms, to deliver funding. SAPI designs advances that repay at source through existing payment flows, supported by underwriting and servicing.

Alexis van Lennep, co-founder and CCO, SAPI, says, “By partnering with payment platforms, we can meet business customers where they already operate. Our aim is to make access to capital as straightforward as taking a payment.”

The company reports that 90 per cent of its loan book supports immigrant- and woman-owned small businesses.

SAPI is currently hiring for multiple roles. Apply here.