TP24 raises CHF 400m of additional funding from Barclays and M&G
19 July 2023 – Tradeplus24 AG (TP24), a Zurich based FinTech SME lender, has just closed a debt financing in the amount of CHF 400m. TP24 secured a CHF 355m senior facility from Barclays Bank Plc and a CHF 45m mezzanine facility from M&G Investments. This landmark transaction ranks among the largest fundraising initiatives in the global private debt market for alternative SME lenders and the fintech industry in 2023. The multi-currency facility will be allocated across Australia, UK and the Netherlands.
Walder Wyss advises TP24 as Swiss counsel on this transaction. The team is led by Thomas Müller (Partner, Corporate/Finance) and Marion Bähler (Managing Associate, Corporate/M&A) and further includes Maurus Winzap (Partner, Tax), Alex Nikitine (Partner, Corporate/M&A), Dimitrios Berger (Managing Associate, Corporate/M&A), Anaëlle Genoud (Senior Associate, Finance), Rafal Szala (Managing Associate, Finance), Luca Bartolomei (Trainee Lawyer, Corporate/M&A) and Helene Tasman (Trainee, Banking Finance).