365 Business Finance in a £55m debt and equity raise backed by Kendal Capital and Pollen Street Capital.

365 Business Finance, a London, UK-based provider of Merchant Cash Advances products to small and medium businesses, announced completing financing in the company totalling £55m ($74.6M).

The money is a combination of debt provided by Pollen Street Capital and equity raised from Kendal Capital.

365 Business Finance, founded in 2012 by CEO Andrew Raphaely, developed an alternative finance service for SMEs offering revenue-based funding up to £300k, by using a fully automated and flexible repayments solution backed by an automatic collections process.