Lex Greensill discusses advantages of working capital finance with Australian Financial Review

10th October, 2019

Lex Greensill says supplier payment schemes aren’t ‘evil’

By Jenny Wiggins and Vesna Poljak, Australian Financial Review

There’s nothing ”evil” about the booming demand for early payment schemes and the Australian government should learn from the UK and use them to get cash to their suppliers faster, according to the founder and chief executive of Greensill Capital.

Lex Greensill, who has been harvesting sugar cane on his family’s sweet potato farm in Bundaberg during a brief trip to Australia this week, defended Greensill Capital’s supply chain financing business in an interview with The Australian Financial Review.

The group, which expects to generate revenue of more than $600 million in 2019, makes money by acquiring invoices from the suppliers of its customers for a fee (a process known as “reverse factoring”) and packaging them into short-dated bonds that are sold to investors such as banks and pension funds.

It expects to buy some $225 billion of invoices in 165 countries this year, up from $50 billion last year.

Read full story at AFR.

< Back to News

Visionary, Bold, Disruptive

Each month, Greensill’s team of experts contribute to the latest insights and analysis, setting the agenda and leading the discussion on unlocking capital so you can put it to work.


30th April, 2019

Changing Finance to Change the World

More than $56 trillion of cash is locked up in working capital around the world at any one time in what is perhaps one of the greatest inefficiencies in business today.

Sign up to monthly insights in our Newsletter

Subscribe to the Greensill monthly newsletter to discover the latest in news, views and insights in the world of balance sheet optimisation, working capital and supply chain finance. Join the discussion today.