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Diversified Financial Services
advanceglobalcap.com

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Investments

4

Portfolio Exits

1

Partners & Customers

1

About Advance Global Capital

Advance Global Capital (AGC) is a financial services company based in the UK that focuses on financial inclusion by connecting small and medium-sized businesses in need of working capital with investors who seek commercial rates of return and a positive social impact.

Advance Global Capital Headquarter Location

1 Royal Exchange Avenue

London, England, EC3V 3LT,

United Kingdom

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Latest Advance Global Capital News

Dubai-based fintech company Invoice Bazaar raises $5m

Oct 25, 2017

Dubai-based fintech company Invoice Bazaar raises $5m October 25, 2017 Invoice Bazaar , a Dubai-based fintech supply chain finance platform, has raised $5 million funding from UK’s financial services bank Advance Global Capital (AGC), according to a statement. AGC partnered with the company for offering receivables purchase from SME suppliers in October 2016 and offered $1 million which has been now enhanced to $5 million, the company said. This is the first investment by AGC in a Middle East company. “Having worked with Invoice Bazaar over the last year, we found them to be a great partner as the team understands our investment mandate and we are able to close out on opportunities rather quickly. Alternate finance in the Middle East is catching up and we see some tremendous traction originating from the UAE,” said Nate Hartley, CEO, Advance Global Capital. Founded in 2016, Invoice Bazaar Forfaiting Services LLC connects large buyers with SME suppliers which help them to avail early payment on their receivables. The company’s clientele portfolio includes companies like Unilever, Huhtamaki Group, Hamleys and Britannia Middle East. “With enhanced institutional capital, we are able to attract better client profile interested in Supply Chain Finance (SCF) offering. As SCF is a solution that benefits every stakeholder, it is obvious for larger corporations to be interested in implementing this model benefiting their suppliers.” says Anand Nagaraj, founder and CEO of Invoice Bazaar. In May, the company, which also has a presence in Singapore and India, raised an undisclosed amount of investment from Shirish Apte, former CEO and Chairman Asia Pacific of Citigroup. AGC focuses on financial inclusion by connecting small and medium-sized businesses with investors who seek commercial rates of return and a positive social impact. In the last couple of years, there have been lots of activities happened in the supply chain space. Last month, KKFund, a Singapore-based venture capital firm, led a RM2 million ($447,000) seed funding round in Malaysian supply chain finance platform CapitalBay; in August, Future Supply Chain Solutions filed for an IPO to raise $109 million; Redington promoters sold 5 per cent stake in supply chain firm for $39 million in July and Gravity Supply Chain, a Hong Kong-based developer of a cloud-based supply chain and logistics visibility platform, raised an additional $2.5 million round of venture financing in April. Also Read:

Advance Global Capital Investments

4 Investments

Advance Global Capital has made 4 investments. Their latest investment was in PrimaDollar as part of their Line of Credit on July 7, 2018.

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Advance Global Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/3/2018

Line of Credit

PrimaDollar

$25M

Yes

1

4/12/2018

Line of Credit

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$99M

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10

10/25/2017

Unattributed - II

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$99M

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10

11/22/2016

Unattributed

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$99M

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10

Date

7/3/2018

4/12/2018

10/25/2017

11/22/2016

Round

Line of Credit

Line of Credit

Unattributed - II

Unattributed

Company

PrimaDollar

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Amount

$25M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

Advance Global Capital Portfolio Exits

1 Portfolio Exit

Advance Global Capital has 1 portfolio exit. Their latest portfolio exit was Invoice Bazaar on March 15, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/15/2021

Acquired

3

Date

3/15/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

3

Advance Global Capital Partners & Customers

1 Partners and customers

Advance Global Capital has 1 strategic partners and customers. Advance Global Capital recently partnered with Ceniarth on .

Date

Type

Business Partner

Country

News Snippet

Sources

Client

Ceniarth

United Kingdom

1

Date

Type

Client

Business Partner

Ceniarth

Country

United Kingdom

News Snippet

Sources

1

Advance Global Capital Team

1 Team Member

Advance Global Capital has 1 team member, including former Chief Technology Officer, Ed Hagerty.

Name

Work History

Title

Status

Ed Hagerty

Chief Technology Officer

Former

Name

Ed Hagerty

Work History

Title

Chief Technology Officer

Status

Former

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