DDF Capital is a UK-based specialist bank that provides working capital to businesses through commercial lending and personal savings for retail investors. Its core product is inventory (floorplan) finance, funding dealers’ stock so cash is released from order to sale, managed via the DF Connect online portal with DF Choice allowing asset-by-asset repayment. The bank funds itself by attracting retail deposits and has expanded into Structured Finance and, after FCA authorization, consumer hire purchase through its dealer network, backed by a digital platform and AI-assisted audits (DF Check). Its goal is to support UK SMEs by delivering reliable working capital, growth financing, and diversified funding, while expanding its dealer and manufacturer network and product set.
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Industries
Company Size
51-200
Company Stage
N/A
Total Funding
$26.4M
Headquarters
London, United Kingdom
Founded
2016
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Total Funding
$26.4M
Above
Industry Average
Funded Over
1 Rounds
The joint administrators of a luxury yacht manufacturer which employs 250 people have secured funding for the business and are seeking a buyer to take the brand forward.
Fintilect, the specialist hyper-personalized digital banking software provider, has partnered with DF Capital to provide full online self-serve functionality for its suite of business savings accounts for small and medium sized enterprises (SMEs).The introduction of online functionality for these accounts follows the successful 2021 launch of full online functionality for DF Capital’s personal savings accounts.The accounts are now all powered by Fintilect’s low-code digital banking platform, which comprises a suite of pre-built, pre-integrated, easy to configure services designed to work alongside existing client systems.When live products are available, DF Capital’s business savings accounts can be accessed via the bank’s website, with easy access, notice and fixed rate deposit accounts forming the range, allowing for savings of £20,000 to £250,000. Eligible deposits with DF Capital are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.The collaboration with Fintilect forms a key part of DF Capital’s digital growth strategy and marks a significant milestone in responding swiftly to customer feedback.Paul Atherton, Chief Technology Officer of DF Capital said: “DF Capital recognises the importance of 24/7 online banking functionality for both business and personal customers alike in today’s online banking world. We have therefore taken the decision to invest in our online offering across our entire product range to ensure it fully satisfies the most up-to-date, rigorous expectations of our entire client database.“Our partnership with Fintilect has resulted in the exact functionality that we need; a project that has been seamlessly delivered and executed flawlessly. We look forward to an ongoing strong relationship as we continue to innovate both now and in the future.”Rami Cassis, CEO, Fintilect, said: “We’re thrilled to be continuing our long-standing relationship with DF Capital, helping it to build even further its already strong presence in the market.“Fintilect developed the online functionality for DF Capital’s personal savers in 2021, a launch which resulted in strong customer satisfaction levels. We have now done the same for DF Capital’s business customers to ensure they, too, can apply for and service their accounts at any time of the day or night.”
British Business Investments announces £20m Tier 2 facility with DF Capital.
British Business Investments today announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships.
DF Capital has launched an electric vehicle salary sacrifice scheme for its 95 employees.
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Industries
Company Size
51-200
Company Stage
N/A
Total Funding
$26.4M
Headquarters
London, United Kingdom
Founded
2016
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs