Pollen Street Capital ("Pollen Street") is pleased to announce the completion of a Senior Secured Credit Facility with Elect Capital, a fast-growing UK-based short-term SME fintech platform. Alongside this, Pollen Street also deepens its relationship with MCL Finance, managed by the same team at Elect Capital, with an upsize and extension.
Elect Capital has been servicing short-term loans to UK SMEs since 2025. Operated by an experienced management team, with a combined organisation of over 60 professionals, and a product offering of up to £1,000,000, Elect extends the range of financing solutions available to UK small businesses. Elect's offering is designed to complement MCL's product suite, giving UK SMEs access to a more comprehensive range of short-term capital.
MCL Finance, established in 2018 and headquartered in London, has serviced well over £150M across thousands of unique UK businesses. MCL manages short-term lending products with a repayment period of up to 24 months. The upsize and two-year term extension to Pollen Street's existing MCL facility supports further business growth and product expansion and reflects confidence in the business's trajectory since the initial facility was established in December 2025.
“With the implementation of the Pollen Street Facility Elect will be increasing its offering to UK SMEs — the backbone of our economy. Ethan and the team at Pollen were a clear choice for us — their knowledge of the market and their appetite to deploy capital meant they stood out as the right partner for us. My team have worked incredibly hard in order to broaden the offering and product suite available to SMEs in what we're expecting will be a growing space over the coming 5–10 years.”
Dovi David, CEO & Founder, Elect Capital
“The Elect facility and the MCL upsize reflect our conviction in this management team and in the underbanked UK SME lending market. We backed MCL in December and it is great to deepen our relationship with the team: supporting an adjacent product that broadens the offering to small businesses while building on a relationship that has continued to develop well. We look forward to working with the team across both platforms.”
Ethan Saggu, Investment Director, Pollen Street Capital
