Greensill Capital Revenue, Valuation, Funding & Investors
Greensill Capital is not operational anymore. Its last reported valuation was $4.2B as of October 2019.
Last Greensill Capital valuation
$4.2B
Undisclosed stage · Oct 2019
Last Greensill Capital funding round
$655M
Undisclosed stage · Oct 2019
Greensill Capital revenue
$420M
Undisclosed stage · Oct 2019
Key investors in Greensill Capital
SoftBank Group
General Atlantic
About Greensill Capital
Greensill Capital was a London-headquartered specialty finance group that provided supply chain finance and working capital to companies and their suppliers. Its model let suppliers be paid early against approved invoices while buyers kept longer payment terms, and the receivables were funded through notes and funds placed with institutional investors and through its German bank subsidiary, Greensill Bank. The group was founded in 2011 by the Australian banker Lex Greensill and operated across Europe, North America, Australia and Asia. It acquired fintech and receivables businesses such as Finacity, Earnd and KLYM and took equity investment from General Atlantic and SoftBank Vision Fund. The UK entities entered administration in March 2021.
Founded
2011
HQ
LondonWebsite
Status
Closed
Customer focus
B2B
Revenue model
Services
Revenue
$420M (Oct 2019)
Valuation
$4.2B (Oct 2019)
Sectors
Greensill Capital Valuation
Greensill Capital is insolvent and not operational anymore. Read the announcement ↗
Greensill Capital was last valued at $4.2B, based on its undisclosed-stage round in October 2019. Read the announcement ↗
The $655M round was led by SoftBank Group.
Greensill Capital's valuation grew 2.5x from $1.6B at its undisclosed-stage round in July 2018 to $4.2B in October 2019, across 3 priced rounds.
Greensill Capital valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2021 | Write-down · Insolvency | $0 | - |
| Oct 2019 | Undisclosed stage | $4.2B | 9.9x |
| May 2019 | Undisclosed stage | $3.5B | 8.3x |
| Jul 2018 | Undisclosed stage | $1.6B | 14.2x |
Greensill Capital Revenue
Greensill Capital's latest recorded revenue is $420M, as of its undisclosed-stage round in October 2019. At a $4.2B valuation, that implies a 9.9x revenue multiple.
Revenue grew from $116M in July 2018 to $420M in October 2019, while the revenue multiple moved from 14.2x to 9.9x.
Greensill Capital revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2019 | $420M | $4.2B | 9.9x | Undisclosed stage |
| May 2019 | $420M | $3.5B | 8.3x | Undisclosed stage |
| Jul 2018 | $116M | $1.6B | 14.2x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Greensill Capital Funding History
Before winding down, Greensill Capital has raised a total of $1.7B across 3 funding rounds.
Greensill Capital's first fundraising round was a $250M undisclosed-stage round in July 2018. The most recent completed round was a $655M undisclosed-stage round in October 2019.
Greensill Capital funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2019 | Undisclosed stage | SoftBank Group (lead) | $655M | $4.2B | Greensill Capital, a London-based provider of working capital finance and supply chain finance, raised $655 million in a follow-on investment from SoftBank Vision Fund on October 28, 2019, following an initial $800 million infusion from the same investor in May 2019. This brought total capital raised to $1.7 billion since inception, with most coming from SoftBank Vision Fund except for a $250 million private equity round from General Atlantic. The new funding was structured as convertible loan notes to be converted into primary and secondary shares, aimed at accelerating global expansion into markets like Brazil, China, and India, developing new products, and financing strategic acquisitions. As part of the October round, Greensill acquired FreeUp, a London-based company developing technology for early wage payments to workers at zero cost to employees. CEO Lex Greensill emphasized integrating FreeUp's IP to revolutionize global worker payments, treating employees as suppliers akin to invoice financing clients. The investment added Hayley Chan from SoftBank Investment Advisers to Greensill's board alongside existing representatives Colin Fan and Tom Cheung. Greensill positioned itself as a leading non-bank provider, ranking among Europe's largest non-bank bond issuers. In 2019, it provided over $150 billion in financing to more than eight million suppliers and customers across 165 countries, though this represents financing volume, not revenue. SoftBank's Colin Fan highlighted Greensill's innovative model in unlocking supply chain capital. |
| May 2019 | Undisclosed stage | SoftBank Group (lead) | $800M | $3.5B | Greensill Capital, a non-bank provider of working capital finance and supply chain finance to companies globally, announced an $800 million investment from SoftBank Vision Fund in May 2019. The funding was intended to accelerate expansion into markets like Brazil, China, and India. Bloomberg reported the company was valued at $3.5 billion at the time of this round. This followed a prior private equity round from General Atlantic and preceded a subsequent $655 million investment from the same SoftBank Vision Fund five months later, bringing total capital raised to $1.7 billion. One source indicated the deal would give SoftBank a 15-20% stake, though not explicitly tied to valuation. Company claimed to have provided over $150 billion in financing in 2019 across 165 countries. |
| Jul 2018 | Undisclosed stage | General Atlantic (lead) | $250M | $1.6B | Greensill Capital, founded in 2011 and headquartered in London, operated as a non-bank supply chain finance platform providing working capital to businesses, enabling faster payments to suppliers while preserving client capital. The company had facilitated over $40 billion in financing across 50 countries and payments to 1.5 million suppliers by mid-2018. On July 16, 2018, General Atlantic invested $250 million in Greensill, valuing the company at $1.64 billion. The investment supported Greensill's expansion plans, including building new partnerships with global corporates, deepening existing client relationships, and further investing in technology for enhanced products and services. General Atlantic's Managing Director and Head of EMEA, Gabriel Caillaux, joined the board, praising Greensill's integrated technology and funding solutions in the $3.5 trillion supply chain finance market. Lex Greensill, Founder and CEO, highlighted the endorsement from the growth equity firm. Greensill maintained offices in New York, Chicago, Miami, Frankfurt, Johannesburg, and Sydney, positioning it for global growth in an underserved market. The firm later diversified into banking services via its German subsidiary, Greensill Bank, and partnerships for funds and bonds, though this round marked a key growth equity milestone before its eventual 2021 insolvency. |
Who has invested in Greensill Capital?
2 investors have backed Greensill Capital across its funding rounds, including SoftBank Group and General Atlantic.
Lead investors include SoftBank Group and General Atlantic.
Greensill Capital Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Greensill Capital investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Greensill Capital
Greensill Capital has acquired 4 companies to date.
Last acquisition by Greensill Capital was on June 16th 2020. Greensill Capital acquired KLYM for undisclosed valuation.
Latest Acquisitions by Greensill Capital
| Description | KLYM is a Mexico City-headquartered fintech platform providing digital lending to Latin American SMEs. The service approves working capital loans up to $50,000 in under an hour via app, using AI credit scoring on bank data and invoices. Launched in 2021, KLYM operates in Mexico, Colombia, and Peru, disbursing over $100 million to 10,000 businesses by 2024. It partners with BBVA and Mercado Pago for payments, focusing on retail and services sectors without physical branches. | - | FreeUp is a fintech platform enabling real-time access to earned wages for employees through employer partnerships. Bypassing traditional payroll cycles, it eliminates reliance on payday loans or overdrafts by allowing instant transfers of verified pay. Launched in the UK, FreeUp serves businesses seeking flexible compensation models. | Finacity is a Stamford-headquartered receivables finance specialist founded in 2001. It structures securitization programs, provides invoice verification, fraud detection, dispute resolution, and collections for global corporations. The firm manages capital markets funding in North America, Europe, Latin America, and Asia, with offices in New York, Miami, and London. Finacity partners with banks including ABN AMRO, Bank of America, and Euler Hermes for risk mitigation and program administration. |
| HQ Country |  |  | |  |
| HQ City | Bogotá | Sydney | London | New York City, NY |
| Deal Date | 16 Jun 2020 | 9 Mar 2020 | 28 Oct 2019 | 11 Jun 2019 |
| Valuation | undisclosed | $25M | undisclosed | $82M |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Greensill Capital acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Greensill Capital Competitors
Greensill Capital competitors included listed companies like Muthoot Capital Services, Sunrisemezz, ELANA Agrocredit and iAnthus Capital Holdings, and private ones like Verado and Bits.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
 India | Publicly listed | $63M | $23M | $34M | |
 Greece | Publicly listed | ($2M) | ($2M) | $29M | |
 Bulgaria | Publicly listed | $11M | $2M | $26M | |
 Canada | Publicly listed | $144M | $4M | $25M | |
| London | Private | - | - | $3M | |
| London | Private | - | - | $3M |
Greensill Capital Public Comps
Greensill Capital is defunct now, but its public comps included Marka, Akcept Finance, Ditix, LexBono, Erech Finance Cahalacha, One Solution, Wierzyciel and PBS Finanse.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $241K | ($113K) | 0.6x | - | (1.2x) | - | |||
| $18K | ($118K) | 89.7x | - | (14.1x) | - | |||
| $75K | $12K | 10.5x | - | 66.1x | - | |||
| $624K | ($2M) | 2.7x | - | (1.1x) | - | |||
| $31K | ($2M) | 208.6x | - | (3.0x) | - | |||
| $394K | ($833K) | 2.5x | - | (1.2x) | - | |||
This data is available for Pro users. Sign up to see all Greensill Capital competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Greensill Capital
| What happened to Greensill Capital? | Greensill Capital is not operational anymore and insolvent as of 8 March 2021. |
| When was Greensill Capital founded? | Greensill Capital was founded in 2011. |
| Where was Greensill Capital headquartered? | Greensill Capital was headquartered in London, United Kingdom. |
| Was Greensill Capital publicly listed? | No, Greensill Capital was a private, VC-backed company. |
| What was Greensill Capital's valuation? | Greensill Capital was last valued at $4.2B in its undisclosed-stage round in October 2019. |
| How much did Greensill Capital raise? | Greensill Capital raised $1.7B across 3 funding rounds. |
| What was Greensill Capital's last funding round? | Greensill Capital's last funding round was a $655M undisclosed-stage round in October 2019, led by SoftBank Group. |
| Who were Greensill Capital's investors? | Greensill Capital's investors included SoftBank Group and General Atlantic. |
| What was Greensill Capital's revenue? | Greensill Capital's last recorded revenue was $420M (October 2019). |
| What was Greensill Capital's revenue multiple? | Greensill Capital's last valuation implied a 9.9x revenue multiple ($4.2B valuation on $420M of revenue). |
| Who were Greensill Capital's competitors? | Greensill Capital's competitors included Muthoot Capital Services, Sunrisemezz, ELANA Agrocredit, iAnthus Capital Holdings, Verado and Bits. |
| How many companies did Greensill Capital acquire? | Greensill Capital acquired 4 companies, including KLYM, Earnd, FreeUp and Finacity. |
| What was the largest acquisition by Greensill Capital? | The $82M acquisition of Finacity in June 2019 was the largest acquisition Greensill Capital made. |
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