SoftBank’s Vision Fund invests US$800mil in Britain’s Greensill

"The objective of the fund is to facilitate the continued acceleration of the AI revolution through investment in market-leading, tech-enabled growth companies," the Japanese tech conglomerate said in a statement, adding it was still talking to more potential investors and that the fund was expected to grow.

BENGALURU: Financing group Greensill Capital has confirmed SoftBank Group Corp’s Vision Fund has invested US$800mil in the British company, a vote of confidence in the UK finance sector that has been navigating Brexit challenges.

Greensill, which provides supply chain funding to companies, said it plans to use the funding in part to accelerate its expansion into Brazil and enter markets like China, India, as well as tap into the working capital finance sector.