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Greensill Capital

Fintech/supply-chain financeUK
💀 Dead / Bankrupt
Peak $3.5 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2018
  2. 📈
    Peak valuation
    $3.5 Billion ’19
  3. 💔
    Became a Unitard
    Mar 2021
  4. 💸
    Last valuation
    Wiped out
🔥 Raised & burned
$1.7B
Total raised
$480K/day
Burned · 9.7y alive
Funding: Crunchbase News/WSJ
Current status
Insolvency administration (Mar 2021)

How it happened

Greensill Capital packaged supply-chain finance into investment funds, backed by SoftBank's Vision Fund at a valuation around $3.5B. When Credit Suisse froze $10B of associated funds and its credit insurance lapsed in March 2021, the firm collapsed into administration — a transcontinental scandal that ensnared former UK prime minister David Cameron and steelmaker GFG Alliance. Inside, almost no one saw it coming: Glassdoor reviews describe a board that broadcast only good news while the firm buckled, a business run on the founder's word alone, and a dependence on a handful of big clients that staff say they discovered only as the administrators walked in — redundancy notices landing, for many, with barely any warning.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

Source: FT; SoftBank Vision Fund-backed

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