The deal comes as SoftBank addresses concerns about WeWork

Greensill Capital has received a large capital injection from SoftBank Group’s Vision Fund. The tech-focused investment fund gave the eight-year-old financing firm an additional $655 million.

Reuters reports that the deal centered around convertible loan notes. These notes would switch to primary and secondary shares in the future.

Greensill plans to use the money to finance its international expansion. Colin Fan, managing partner of SoftBank Investment Advisers, commented on the financing.

“We believe Greensill is transforming global access to working capital through its innovative business model,” said Fan. “By unlocking billions of dollars in supply chains around the world, we believe Greensill continues to play a pioneering role in working capital finance.”

SoftBank Investment Advisers manages the SoftBank Vision Fund.

About Greensill Capital

Lex Greensill launched Greensill Capital in 2011. The group offers capital to more than eight million customers in 60 countries. SoftBank initially invested $800 million in May into the firm.

This deal brings Greensill Capital’s total raise among institutional investors to more than $1.7  billion in 14 months. Further, other primary investors include General Atlantic.

In addition to this funding, Greensill made another major announcement. The firm intends to purchase British Fintech startup Freeup. The target firm allows employees to receive wages they have earned but not in the form of a paycheck.

“Essentially, all workers are suppliers – supplying their employers with their time and skills,” Lex Greensill said. “There is effectively no difference between our firm making an early invoice payment and making an early salary payment.”

SoftBank’s WeWork Problem Continues

Meanwhile, the capital injection by SoftBank likely raised eyebrows among the corporation’s investors. SoftBank continues to face pressure due to the recent collapse of WeWork’s IPO.

Finally, the Wall Street Journal reported that SoftBank’s second Vision Fund would take a more conservative approach to its investments. The WeWork saga has further seen the departure of the firm’s top leaders, but SoftBank investors remain exposed by the near-collapse of the firm.