Sandfield Capital says it plans to expand it operations in Liverpool after securing a £20m credit facility through Ampla Finance.
The £20m is the first tranche of a £100m fundraise being led by private debt finance specialist Altimapa Capital.
The LendTech company provides loans to people pursuing legal claims.
“Sandfield Capital provides access to justice for individuals who may otherwise be unable to pursue a claim,” explained Steven D’Ambrosio, CEO of Sandfield Capital.
“We support cases in areas of clear demand which have been overlooked by other finance providers and help tenants, home owners and others to seek justice through the courts. This funding will help us to meet the growing demand.”
D’Ambrosio, who previously held senior roles at Close Brothers, founded the company in 2020 with backing from a private investor.
It says that its platform enables claims to be processed rapidly while ensuring regulatory compliance.
The growth in Liverpool will mean creating 10 new jobs at its operations centre.
“Sandfield Capital has a well-thought-out business model and a sound proposition, however as a niche operator, it failed to tick the right boxes for traditional funders. We are delighted that we were able to find the right match and structure a deal that highlights the expertise and professionalism of all parties involved,” added Pedro Tavares, CEO and Founder of Altimapa Capital.
