Established in July 2015 and located in London, this Company is a “bed-in-a-box” online retailer and distributor.
The visionary owners of the company have a strong background in fundraising, online retailing, and a family background in business involved in thread manufacturing in the mattress sector. The business plans to expand sales across the world using a proven online model. The Company has subsidiary operations in the USA, Australia and China with a formally registered branch operating in France.
ExWorks Capital LLC. provided the company with an overseas bridge loan to fund the Company’s working capital and expansion needs until the next equity raise is completed in early 2019.
“ExWorks was approached by a U.S. based investment banking group representing a UK based company who was seeking immediate working capital support. The company’s explosive growth combined with its multi-jurisdictional platform were some challenges that ExWorks is structured to meet. ExWorks was able to provide the necessary working capital facility in a timely manner to allow the company to continue their focus on global expansion.” Matthew Stanley, Managing Director at ExWorks Capital
ExWorks Capital provides domestic, import and export trade financing offering financing solutions to businesses utilizing its own capital. ExWorks also carries Delegated Authority granted by both the SBA and ExIm Bank.
ExWorks Capital’s Offerings:
Bridge Financing – ExWorks can provide short-term financing to fulfill existing company needs between $500,000 and $25,000,000.
Domestic, Export, and Import Financing – ExWorks can purchase or finance export/import/domestic goods to provide additional liquidity when selling both domestically and overseas between $500,000 and $25,000,000.
Working Capital Financing – ExWorks can provide financing on both Domestic and International Receivables and Inventory, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000.