Growth Street started with a clear goal:
Helping great businesses grow by offering fairly priced, straightforward finance, as well as guidance to improve the financial procedures vital to growing businesses.
Why we started Growth Street
We realised that many great companies were struggling to acquire the working capital finance they needed for two main reasons. First, banks are increasingly reluctant to provide business overdrafts, preferring to offer more expensive products, or withdraw credit altogether. Second, businesses were finding it difficult to present their financial information in a way that would maximise their chances of a successful credit application.
To solve these problems, Growth Street offers GrowthLine, a combination of a revolving credit facility as an alternative to a bank overdraft and invoice financing. This allows companies to access capital when they need it, repay when they want, and only pay interest on what they borrow, when they borrow. In order to offer the best possible price, we created a marketplace that matches borrowers with lenders. Crucially, the increasing use of accounting software, and secure data sharing via the cloud, allows us to offer credit on better terms to borrowers, and better manage the risk for lenders, while also simplifying the necessary administration.
Banks tightened their purses just at the time we needed their support. Growth Street proved to be the most simple and effective solution for us.— Claire Spencer-Churchill, Co-Founder & Director, Claret Showroom Read the full story
Who are we?
We’re passionate about helping growing businesses maximise their potential, making applying for credit as quick and easy as possible. We have created an efficient marketplace for both borrowers and lenders, so that you can get a better deal and a better service than the banks can offer. We’re on a mission to make business finance fairer, cheaper and easier in order to help great businesses grow. We’re an international team that is growing. Meet some of the great people working for Growth Street.
Paolo Cuniberti has over 25 years' experience in the financial services industry. From 2007 to June 2015 Paolo ran Mediobanca’s London office where he was responsible for setting up their UK Capital Markets platform and headed the Mediobanca Securities business. Prior to joining Mediobanca, Paolo was a member of JPMorgan’s European Investment Banking and Equity Management Team. Paolo is joint CEO of H-FARM, a digitally focused venture capital firm.
David Giampaolo is the founder and Chief Executive of Pi Capital; a unique investor network that finds growth equity and alternative asset investment opportunities for its members and negotiates participation in select private equity deals and funds. David previously founded, built up and sold several businesses and health club chains in the US and Europe, and is a board member and senior advisor to several firms.
Peter Hockless recently retired from Debevoise & Plimpton, where he led their Finance Group in London. Peter has extensive experience in international financing transactions, including investment grade credits, leveraged financings, eurobonds, restructurings, securitisations, structured financings, project financings and corporate finance.
Anthony McWhirter recently retired as a partner of Debevoise & Plimpton where he practised in the investment funds group. He advised investment managers and fund sponsors on a broad range of multi-jurisdictional private equity and other funds, and also on other issues affecting fund managers including regulatory and tax issues.
Victoria Raffė has 20 years of experience as a financial services regulator, most recently as the Director of Authorisation and member of the Executive Committee at the FCA. Before that she worked for blue chip firms in asset management (Fidelity), insurance (Prudential) and consulting (KPMG), with a particular focus on strategy, marketing and regulatory risk. Victoria left the FCA in 2015 to build a new career as a Non-Executive Director.
Greg has global experience in scaling digital finance having led the largest e-money systems (Vodafone M-Pesa and Millicom Mobile Financial Services). His experience includes developing new technology and systems to scale, working in a strict regulatory environment. He has held the position of Chair of the GSMA Mobile Interoperability Group, as well as a number of directorships, and now runs a partnership dedicated to Mobile Financial Services. He holds a number of published patents in the fields of Mobile Money, security and Machine to Machine technology.