Small Business Finance Firm SAPI Lands $80M Funding Boost
SAPI, a small business financing platform co-founded in London and Hanoi by Mai Le, formerly of Goldman Sachs, and Alexis van Lennep, formerly of AlixPartners, has secured an $80 million funding round. The round consists of $75 million in debt and $5 million in equity, led by Hudson Cove, a US-based alternative credit asset manager. Existing investors Triple A Capital and Passion Capital also participated in the round.
Founded in 2020, SAPI stands for Securities Application Programming Interface and operates with a London office and a presence in Hanoi. The company recently established a fintech entity in Vietnam to accelerate growth in the Asia-Pacific region.
The funding will be used to scale payment-linked financing that repays at source and to expand SAPI's international reach, aiming to increase access for underserved small business owners. To date, SAPI has advanced tens of millions of pounds to small businesses, the vast majority of which are immigrant- or female-owned.
