Ashcombe advises Demica on its $25m Series B financing round

Ashcombe is pleased to announce that it has advised Demica, a major working capital fintech, on its US$25 million Series B financing round led by the International Finance Corporation (IFC), a member of the World Bank Group, and Wyelands Capital, a member of the GFG Alliance. There was strong participation from the existing investors JRJ Group, TOMS Capital and 76 West Holdings.

Demica provides working capital solutions to large corporates and banks with a broad range of receivables, inventory and payables finance products. The company focuses on multinational clients, across industries, around the world requiring facilities of $50m - $750m+.