For those who have an interest in Asia, the SoftBank Group $100 billion Vision Fund is one name that gets a lot of attention because of the amount of cash it can invest – Saudi Arabia, UK, and other areas have seen investments. The UK financial company Greensill, is now set to receive $800 million from the much talked about Vision Fund. This deal, announced Monday, now values the supply chain financing company at $3.5 billion, this information came from someone close the deal, according to the Nikkei Asian Review, Suzuki, staff writer.
This firm was founded in 2011 by former investment banker Lex Greensill, the firm provides financing to suppliers backed by their payments to customers. The goal of this firm is to use artificial intelligence and other technologies to reduce inefficiencies in the estimated $55 trillion locked up in the working capital around the world.
Getting a lot of attention, Greensill has expanded to Brazil and has plans to expand to China and India as well as other markets. “Through this new partnership, we see immense opportunity to introduce working capital finance to a new generation of businesses around the world,” said Colin Fan, managing partner of SoftBank Investment Advisers.
Already turning profits, Greensill is an interesting investment for a new firm as some new firms focus on market share and not profits – keep in mind Uber, Amazon and others that have received investments from top name firms like Vision Fund. Currently, Vision Fund has now spread $60.1 billion across 69 companies as of the end of March, and this is less than two years after it started investing. But keep in mind that this fund is now under pressure from the public to pick winners as some of its key portfolio names are ready to go public. More on such investments in comments in the near future.