The Softbank Vision fund has made an $800 million investment in Greensill Capital, a UK FinTech which supplies capital to help global companies with supply chain finance.

The investment will see Greensill Capital join the likes of Uber, WeWork and Slack, as the latest company to benefit from Softbank’s megafund, now ranked as the world’s largest technology investment fund.

Greensill, one of the largest non-bank bond issuers in Europe, is working to unlock the estimated $55 trillion of value in the worldwide market for working capital finance.

The investment will accelerate development of new technology to further improve access to capital for companies globally and enhance the firm’s ability to support the development of a broad, liquid capital market for working capital finance assets.

Lex Greensill, founded and chief executive of Greensill, said: “We are agents of technological disruption with a mission to make available finance at the lowest possible cost for our clients and their suppliers, whilst opening up a whole new asset class to global investors.”

Colin Fan, managing partner of SoftBank Investment Advisers, said: “Greensill is a strong market leader in working capital finance and has played a pioneering role in the technological revolution that has transformed the industry.

“Through this new partnership, we see immense opportunity to introduce working capital finance to a new generation of businesses around the world.”

The move comes after Softbank contributed to a $440 million funding round for FinTech OakNorth.

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