Muse Finance, a bespoke finance provider for small, medium and growing businesses, has closed a £17 million debt facility to grow in the UK and launch in the US.

The London company’s solutions combine supply finance and invoice finance to help businesses pay overseas suppliers while unlocking cash tied up in their pending business invoices.

They have been used by almost 5,000 customers in the UK, supplying finance for over 36,000 invoices. 

Muse says it now has access to £74m, having previously raised £64m for UK and European corporates from RiverRock and Prime 5 Finance Limited. 

The new debt facility comes ahead of Muse’s upcoming Series A round, which is planned for early 2023. 

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“Right now there’s unprecedented pressure on businesses across the globe, particularly when it comes to cash flow management,” said Ann Marie Juliano, founder and CEO. 

“We’re specifically built to help businesses that need fast access to funds to continue to grow – and with this facility we’ll be able to do even more to ensure small, ambitious businesses have the access to working capital that they need.”

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