SAPI, a payment-linked financing platform, has raised around £60 million in debt and equity funding. 

The funding – more than £57m in debt and almost £4m in equity – will be used to scale SAPI’s repayment-at-source technology and expand its global footprint.

The round was led by Hudson Cove, a US-based alternative credit asset manager, marking one of the firm’s inaugural UK transactions as it looks to expand beyond the United States – and received continued significant support from existing equity investors, Triple A Capital and Passion Capital. 

With offices in Hanoi and London, SAPI has recently established a financial technology entity in Vietnam to accelerate growth across Asia-Pacific markets.