Capitalflow lends €10m to ailing hospitality sector

Alternative business lender is aiming to expand as it is being acquired by Bunq

Ronan Horgan, chief executive of Capitalflow: Over the next couple of months we will sit down with Bunq, which already has customers here. Picture: Fergal Phillips

Capitalflow, the alternative business lender being acquired by Dutch challenger bank Bunq, has lent €10 million to the recovering hospitality sector in the past two months, its chief executive has said.

The company, which is backed by London private equity house Pollen Street Capital, announced last week that it will be acquired by Bunq, in which Pollen Street has just invested to take a 10 per cent stake.

While no figure was disclosed on the ...