糖心视频

Looks like all the WeWork drama isn鈥檛 slowing down SoftBank Vision Fund鈥檚 pace.

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, which provides working capital finance for companies, it has raised $655 million from the .

The investment comes just five months after an initial $800 million infusion from the Vision Fund, and brings its since inception to $1.7 billion, according to Crunchbase data. All but $250 million of that (a private equity round from ) came from the SoftBank Vision Fund.

An unnamed source told Reuters that the new investment 鈥渨as in the form of convertible loan notes, which would be switched into primary and secondary shares over time.鈥�

At the time of its May funding, that Greensill was valued at $3.5 billion. That round was intended to help the company 鈥渁ccelerate its expansion into Brazil and enter other markets like China and India,鈥� according to.

In a statement, Greensill said it will use the new capital to 鈥渁ccelerate its global expansion and step up the development of new products.鈥� The London-based company, which says its mission is to democratize capital by providing 鈥渟upply chain finance,鈥� also plans to use the money toward strategic acquisitions.

On that note, as part of the new funding, Greensill also announced today that it has acquired , a London-based company founded by Reuben Saxon, and David Townsend. FreeUp is developing technology aimed at helping workers receive early payment for earned, but unpaid, wages.

Greensill founder and CEO said that by combining FreeUp鈥檚 IP with his company鈥檚 technology, he sees 鈥渢he potential to revolutionise the way workers are paid around the world.鈥�

Currently, Greensill ranks among the largest non-bank bond issuers in Europe. In 2019 alone, it claims to have provided more than $150 billion of financing to more than eight million suppliers and customers across more than 165 countries.

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