Dublin fintech Teybridge Capital pledges £600 million for UK SMEs


Dublin fintech Teybridge Capital pledges £600 million for UK SMEs

The trade finance platform made the commitment alongside 14 other Irish firms as PM Starmer and Taoiseach Martin unveiled £937 million in Irish investment into the UK.

The second UK-Ireland Summit, held in Cork on 13 March 2026, produced the sort of headline figures that governments like to announce at diplomatic gatherings.

Among them was a commitment from Teybridge Capital Europe, a Dublin-based trade finance and working capital fintech, to invest £4.5 million in the UK market over the next three years, create 30 new jobs at its London office, and deploy £600 million in lending to British SMEs over the same period.

Teybridge was one of 15 Irish companies whose UK expansion plans were announced by Prime Minister Keir Starmer and Taoiseach Micheál Martin at the summit, part of a package totalling £937 million in Irish investment and approximately 850 new jobs.

The announcements, published in full on GOV.UK, were supported by Enterprise Ireland, the Irish government’s trade and innovation agency, which published data the same week showing that 64% of surveyed Irish companies maintain a physical UK presence, with 60% of those increasing their UK investment over the next 12 months.

For Teybridge, the summit commitment marks a significant step up in its UK ambitions. The company, founded in 2022 by CEO Dylan Martin and co-founder Colm Devine, is headquartered in Dublin and operates through its proprietary BRIDGE platform, which provides digital onboarding, operational management, and near-real-time access to trade finance facilities for SMEs and corporate clients.

As of October 2025, when Teybridge closed a strategic equity investment from Madrid-based family office Baghdadi Capital, the UK already represented 60% of its lending portfolio, with a focus on food and beverage, technology, and manufacturing sectors.

The Baghdadi Capital deal, announced in October 2025 and covered by EU-Startups and the Irish Times, brought an initial £50 million funding line with an agreed pathway to £500 million, alongside an equity stake that would see Baghdadi appoint a board director.

The Irish Times reported that the deal was targeting a valuation of over £100 million for the company. At the time, Teybridge said it had deployed approximately £500 million to more than 250 SMEs across Ireland, the UK, and the US since its founding.

The new UK commitments, made at the summit, represent a distinct and additional pledge: £4.5 million in operational investment in the UK market over three years, 30 new positions at its existing London office, and a three-year lending target of £600 million directed specifically at British SMEs.

The lending figure is a forward commitment, not new equity raised, it represents the company’s deployment ambition against its existing and anticipated credit facilities, including those from Baghdadi Capital.

Teybridge also acquired London-based fintech Atom CTO in a separate deal announced in 2025, rebranding it as Teybridge Tech and retaining its co-founder Bhairav Patel as CTO of the enlarged group. The acquisition brought Atom CTO’s team of five full-time staff and 20 IT consultants in-house, along with operations in Zagreb, Riga, Delhi, and Bangalore. The BRIDGE platform, originally built by Atom CTO under contract, is now developed internally as a result.

The UK-Ireland Summit context gives the announcement political as well as commercial significance. Teybridge’s commitment was made alongside investments from Irish firms across sectors from AI and renewables to student accommodation and telecoms.

Step Telecoms is investing £25 million in a 200km fibre optic link between West Wales and Newport’s data centre cluster. Version 1, a global technology company, is creating approximately 400 new roles in Northern Ireland in AI, engineering, and data science. Amach, an aviation AI and cloud firm, is committing £45 million to support 150 UK jobs over three years.

For Teybridge, which had 22 employees across Dublin and London as of October 2025, the London hiring target of 30 new positions would represent a substantial proportional expansion.

The company has not published a timeline for when those roles will begin to be filled, and the commitments made at the summit are, by nature, forward-looking pledges rather than completed transactions.

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