Flow Capital and OKR Financial Partner to Provide High-Growth Companies with Access to Founder-Friendly Growth Capital in Canada and the UK

TORONTO, ON and CALGARY, AB, March 26, 2021 – Flow Capital Corp. (TSXV: FW) (“Flow Capital”), an alternative debt lender to high-growth, asset-light companies in North America and the United Kingdom, and OKR Financial, a provider of non-dilutive financing solutions to Canada and UK-based SMEs, have teamed up to better serve high-growth companies seeking online access to fast, flexible, and founder-friendly growth capital. Together, Flow Capital and OKR Financial will provide entrepreneurs with the financial tools and support they need to achieve growth milestones while minimizing equity dilution.

The partnership follows OKR Financial’s recent announcement of its expansion into the United Kingdom. Working with Growth Works, the Cambridgeshire and Peterborough Combined Authority’s (CPCA) programme to deliver jobs and business growth, OKR has come on board to help the authority deploy up to £2m in funding to high-growth businesses, granting eligible companies up to £150k. 

The OKR Financial team has said that this work with the CPCA Growth Works programme is the start of much more to come; a wider goal has been set to deploy £20 million throughout the UK startup, scaleup and technology ecosystem before the end of the year. OKR made its first UK-based investment and debt financing deal in May 2020, with OnBuy.com

Flow Capital made its first UK-based investment in 2019 and continues to expand its presence in the area, providing high-growth, asset-light companies with up to £5 million in venture debt or revenue-based financing within a fraction of the time it takes to raise from traditional sources. 

OKR Financial’s VP of Business Development & Marketing, Bhavik Chauhan, shares that this partnership paves way for a complete venture debt solution for tech companies through government funding financing, non-dilutive incentives, and a pathway to equity financing. 

“This partnership will make venture debt solution, government funding financing, and non-dilutive incentives more accessible to tech companies. It also offers a straightforward and effective pathway to equity financing,” says Chauhan.

“Like the US and Canada, the United Kingdom offers Flow Capital a large universe of high-growth companies run by entrepreneurs who wish to capitalize their businesses without the dilution of equity and the restrictions of conventional debt,” said Alex Baluta, Chief Executive Officer of Flow Capital. “Our partnership with OKR Financial will help increase our presence within the area and add geographical diversification to our portfolio, helping to drive shareholder value.”

Entrepreneurs can learn more about both company offerings at https://flowcap.com and https://okrfinancial.co.uk/.
 

About OKR Financial

OKR Financial operates a family of private funds that provides non-dilutive financing solutions to Canadian SMEs by leveraging Federal & Provincial SR&ED tax credits and Government funded programs, providing a pathway to equity financing when companies are ready to grow, scale and exit. To apply for financing, visit https://okrfinancial.co.uk/application/.

About Flow Capital

Flow Capital Corp. is a diversified asset investor and advisor, specializing providing minimally dilutive capital to high-growth businesses. To apply for financing, visit www.flowcap.com.

Share on facebook
Share on twitter
Share on linkedin

Related Articles