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Belfast company offers £84m funding for Irish firms

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(From left) Alan Wardlow, sales director, Judith Totten, owner and managing director, Aidan Dolan, head of business development and Colin Dundas, finance director at Upstream

(From left) Alan Wardlow, sales director, Judith Totten, owner and managing director, Aidan Dolan, head of business development and Colin Dundas, finance director at Upstream

(From left) Alan Wardlow, sales director, Judith Totten, owner and managing director, Aidan Dolan, head of business development and Colin Dundas, finance director at Upstream

A Belfast based, US-backed provider of alternative finance has pledged to provide up to £84m (€100m) in funding to growth-focused Irish companies over the next three years.

Upstream Working Capital has opened an office in Sandyford Business Park, Dublin, with a funding pot which has the potential to support transactions of up to £8.4m (€10m) per client.

Upstream began supporting the Northern Irish SME space in 2011. The company secured substantial backing from a major US-based shareholder in spring 2019.

This investor has helped fund companies internationally in North and South America.

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