exits FreeUp

Opinion 28.10.2019 exits FreeUp

Softbank has invested £510m into Greensill to buy FreeUp from Public.

FreeUp, a London-based company founded by tech entrepreneurs Reuben Saxon, Marta Krupinska and David Townsend, that is developing technology to enable workers to receive early payment for earned, but unpaid, wages at zero cost to the employee.

Greensill founder and CEO Lex Greensill said that while supply chain finance programs already allow a company’s suppliers to obtain early payment, FreeUp’s technology would allow Greensill to extend the service to a company’s most important suppliers – its workers.

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