Greensill Capital

What Greensill Capital does

Greensill Capital was a London-headquartered, privately held provider of structured working capital finance to corporates globally, founded in 2011 by Lex Greensill. The company delivered invoice financing and supply chain finance solutions, positioning itself as a market-leading intermediary between corporates seeking working capital and capital providers in financial markets. It claimed a horizontal segment focus on "global corporates" with use cases spanning working capital financing, invoice financing, and supply chain finance, and described its differentiators as broad and robust sources of capital, partnerships with leading electronic platforms, and technology- and data-driven innovative finance solutions.

The business model was transaction-fee based, generating revenue on individual working capital arrangements rather than through disclosed subscription pricing. Greensill operated through a multi-entity structure spanning the UK (Greensill Capital (UK) Limited and Greensill Capital Management Company (UK) Limited), Australia (Greensill Capital Pty Ltd as parent), and Germany (Greensill Bank AG, a regulated banking subsidiary). Between 2018 and 2020 the company raised approximately $1.7 billion from SoftBank Vision Fund and General Atlantic and pursued a roll-up strategy with four acquisitions (Finacity, FreeUp, Earnd, KLYM) intended to broaden its technology footprint. Greensill was also a major lender to GFG Alliance (Sanjeev Gupta), financing steelworks, coal mining, and manganese smelting assets.

The company collapsed in March 2021 when Grant Thornton UK LLP were appointed joint administrators of the UK entities and voluntary administrators were appointed in Australia. The collapse triggered investor losses, a £331 million lawsuit by Greensill Bank AG against the UK government over cancelled COVID-19 loan guarantees, a UK Serious Fraud Office investigation into the GFG relationship, a $440 million Credit Suisse lawsuit against SoftBank (later dismissed), and a 2026 nine-year director ban on founder Lex Greensill. The entity remains closed with no active operations.

Name

Greensill Capital

Legal name

Greensill Capital (UK) Limited

Website

https://greensill.com

Company type

Private

Founded year

2011

Operating status

Closed

Headcount range

1–10 employees

Short description

Greensill Capital was a London-headquartered working capital finance provider offering invoice and supply chain finance to global corporates. Founded in 2011 by Lex Greensill, it entered administration in March 2021 after its insurance coverage and key customer relationships collapsed.

Ownership category

akta.pro rank

Product category

Working Capital Finance

NAICS

Credit Intermediation and Related Activities (522), Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159), National Commercial Banks (6021)

akta.pro primary industry

SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

akta.pro secondary industry

Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM)

Keywords

• Working capital finance
• Supply chain finance
• Invoice financing
• Structured trade finance
• Receivables financing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Working Capital Finance: Providing effective and comprehensive working capital solutions to corporates globally, including invoice financing and supply chain finance arrangements.

Go-to-market motion1 record

Core offering

Greensill Capital provided structured working capital finance to businesses globally, including invoice financing and supply chain finance arrangements. The firm partnered with leading electronic platforms and used technology and data to originate, structure and distribute receivables financing solutions, sourcing capital from a broad set of investors to meet client financing needs.

Product overview

Greensill Capital was a defunct working capital finance provider that offered working capital solutions to corporates globally. The company leveraged technology and data to develop innovative finance solutions and partnered with electronic platforms. Based on the available sources, no specific named products, modules, or sub-brand offerings were identified. The company's website (now showing an administration notice) did not enumerate distinct product names in the source material provided. The entity entered administration in March 2021 and no active product portfolio exists.

Differentiator

Problem solved

Functional benefit

Products and services

• Working Capital Finance Comprehensive working capital solutions provided to corporates globally, enabling businesses to access capital on terms fitting their requirements through financial markets.
• Invoice Financing Financing solutions tied to corporate receivables, enabling corporates to accelerate cash flow from outstanding invoices.
• Supply Chain Finance Supply chain finance arrangements that provided financing to corporates globally, leveraging technology and data and partnerships with leading electronic platforms.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• HSBC Trade and Receivables Finance: HSBC runs a global trade and receivables finance franchise serving large corporates with letters of credit, receivables discounting and supply chain finance. Comparable as a broad incumbent offering the same working capital products Greensill specialised in.
• Coface: Coface is a global trade credit insurer and receivables financing provider, operating at the intersection of credit insurance and working capital solutions. It is a broad incumbent in the same risk-bearing layer that Greensill's structures relied upon.
• Allianz Trade (formerly Euler Hermes): Allianz Trade is the world's largest trade credit insurer and a major provider of working capital and receivables management services. Its credit insurance underwriting was a critical dependency for Greensill's securitisation structures, making it a structurally adjacent incumbent in the same ecosystem.
• Mizuho Trade Finance: Mizuho provides large-scale trade finance, supply chain finance and receivables solutions through its global banking network. It is a broad incumbent operating across the same product set that Greensill focused on for global corporates.

Direct peers

• C2FO: C2FO runs a global working capital marketplace allowing suppliers to accelerate receivables and buyers to extend payment terms. It competes directly with Greensill's dynamic discounting and supply chain finance offerings.
• Orbian: Orbian offers a multi-bank supply chain finance network for large enterprise buyers and their suppliers, with a similar capital-intermediation model to Greensill's receivables and SCF programs.
• Taulia: Taulia operates a supply chain finance and working capital platform enabling corporates and suppliers to optimise cash flow through early payment programs. It directly overlaps Greensill's core invoice financing and electronic platform partnership model.
• PrimeRevenue: PrimeRevenue is one of the largest independent supply chain finance platforms globally, providing multi-bank SCF programs to large corporates — directly comparable to Greensill's enterprise supply chain finance value proposition.
• Demica: Demica provides receivables financing and supply chain finance technology, including structuring and distributing SCF programs for banks and corporates. Highly comparable to Greensill's tech-enabled SCF origination.

Emerging players

• Finexkap: Finexkap is a European fintech providing invoice financing and working capital solutions to SMEs and mid-market companies. Comparable as an emerging player using technology-driven receivables financing in the same category as Greensill.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/greensillcap

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greensill Capital