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Channel supports new and existing clients with non-dilutive capital to fund their growth plans in the innovation economy, which includes firms driven by entrepreneurial leadership teams in fast growing verticals including technology, brand-related, energy, fintech and luxury good sectors.

This spring, we have issued term sheets to companies operating in branded consumer goods, enterprise software, global luxury goods, revenue-based finance and fintech sectors for over $100mio of funding, and expect several closings this summer. In these markets, our clients access bank funding but find these offerings sometimes too restrictive with “one-size-fits-all” structures and long approval processes.

We recently upsized our participation in the credit facility for TP24, a digitally enabled lender financing pools of short-term asset-backed financings across the EU/UK, Switzerland and Australia.

Channel’s CFO Deborah Hutchinson added “This is our third tranche of funding to TP24, originally completed in 2021 with support by the commercial banking sector and Channel Digital. SMEs are underbanked, and our partnership with TP24 ensures we can play a role in supporting hundreds of SMEs in need of finance”.

Matthias Kribbel, TP24 Managing Director, added “We put our clients at the heart of everything we do – a big part of that is the provision of competitively priced finance and the ability to scale accordingly. Channel is one of several key stakeholders supporting us in this mission. Channel has provided more capital as we have grown, which is very important to our ambitions as we scale in our key markets”.

Channel’s investments carefully consider the risk appetite of our investors and LPs. These are primarily asset-backed financings with well-considered capital structures, strong security arrangements and robust monitoring arrangements. Our investors from the US, Canada, EU, UK and GCC regions rely on Channel for its data-driven origination, expert structuring to mitigate risks, and strong technology platform (hosted by Finley Technologies) to identify and track emerging risks.

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