equipal announced that it has secured a £16.25 million combined equity investment and forward flow facility from Altum Capital Management. The funding package includes £1.25 million of equity investment and a forward flow facility of up to £15 million. The facility includes £5 million of initial full lease funding and up to a further £10 million of junior funding.
equipal is a UK-based fintech and business equipment funder focused on modernizing asset finance for companies and equipment vendors. Its platform is designed to make financing faster, more digital, and more integrated at the point of sale.
The company said Altum Capital has joined as a strategic funding partner and key shareholder after equipal demonstrated market appetite, vendor uptake, and customer satisfaction. The company also noted that disciplined credit risk management and a careful rollout helped it navigate a challenging period in platform lending.
The £1.25 million equity investment will support targeted technology development, a new marketing campaign, and broader business development. equipal said the investment will help the company reach profitable origination volume.
The forward flow facility is intended to provide additional lending capacity as equipal scales. The structure gives the company operating flexibility and creates a path for additional scale through senior funding in the years ahead.
equipal’s platform is embedded with more than 75 equipment vendors across the UK. It enables businesses and vendors to arrange fully digital asset finance for equipment purchases of up to £250,000, supporting sectors such as manufacturing and transport.
The platform is designed to replace slower, manual asset finance workflows with a more streamlined process for customers and vendors. equipal has reported a 1.26% default rate, zero credit losses since launch, and a 69% repeat-usage rate among customers that have used the platform once.
The funding will support continued growth, including hiring across business development, marketing, operations, credit, and data. The company is expected to continue expanding its role in the UK asset finance market as demand grows for faster equipment and commercial vehicle financing options.
KEY QUOTES:
“On the back of demonstrating market appetite, vendor uptake, and most importantly – customer satisfaction, Altum Capital have come onboard as our strategic funding partner and key shareholder.”
“By remaining nimble and with careful management of credit risk and thoughtful roll-out, we have come through a somewhat challenging period in platform lending and we are excited to now scale up.”
Eamonn McMahon, Founder of equipal
“I’m thrilled to get this deal over the line. While the market environment has been challenging, our operating resilience and discipline on credit, while keeping the customer front and centre, has helped us get here.”
“The structure of this deal allows for additional scale with senior funding in the years ahead and critically, provides us with operating flexibility. We look forward to scaling up, in partnership with our new shareholders and funders, Altum Capital.”
Eamonn McMahon, Founder of equipal
