Published by Gbaf News
Posted on July 6, 2017
6 min readLast updated: January 21, 2026
Money transfer business Small World FS has secured a new Revolving Credit Facility (RCF) with the Royal Bank of Scotland (RBS) following a 30% growth of processed transactions and the doubling of profits in 2016.
The agreed credit facility is the first of its kind to be issued by RBS to the money services sub-sector, and secures Small World FS £15m of revolving credit in a new three-year arrangement that will back its continued strategy of growth. Small World’s global reputation has also earnt the trust of hundreds of the world’s largest financial institutions who have partnered with the company to facilitate its global payout network.
The exceptional level of liquidity provided by the new RCF gives the company another tool to ensure consistent and quality service delivery for its money transfer customers. In particular, it will support the business at times when there are seasonal fluctuations in money transfers, such as in the recent month of Ramadan.
The RCF will allow Small World to borrow funds from RBS at any time and as needed, becoming immediately available for borrowing again as soon as the funds are repaid. As such, the solid £15m financial buffer will absorb the variables of the levels of cash passing through the business, and will free up working capital for the business to invest in its growth, and territorial expansion plans.
As an existing partner to Small World FS, providing a banking hub in the UK handling transactions and providing FX services, RBS was already familiar with the nature and growth ambitions of the business. The bank identified and carefully assessed three significant areas of collateral against which they would confidently be able to offset the credit risk and provide Small World with the flexibility they required.
The RCF agreement is another growth milestone for Small World FS, which gives its customers more choice of how they send and receive their money than any other money transfer business. This announcement is the latest in a sequence, including reaching 50m transactions in the summer of 2016, and expanding into new territories such as Sri Lanka and Norway earlier in the year.
Commenting on the agreement, Nick Day, founder and CEO of Small World FS:
“Securing this RCF is an important stepping stone for Small World. It is also a great vote of confidence in our business model, which is built to a large extent on our good partnerships with banks around the globe.
“We are growing organically by expanding our network of agents and extending our digital estate while continuing to consolidate our position as a leader in the industry. The RCF will play an important role in achieving these ambitions.”
Matthew Glew, Relationship Director, Financial Institutions at RBS, adds:
“RBS is delighted to be able to further support Small World through the provision of this facility. We have built an excellent relationship with Small World and our knowledge of both the business, and the sector proved vital in being able to offer the business this level of RCF. We look forward to continuing to work with Small World as we support the business in achieving its strategic ambitions in the years ahead.”
Money transfer business Small World FS has secured a new Revolving Credit Facility (RCF) with the Royal Bank of Scotland (RBS) following a 30% growth of processed transactions and the doubling of profits in 2016.
The agreed credit facility is the first of its kind to be issued by RBS to the money services sub-sector, and secures Small World FS £15m of revolving credit in a new three-year arrangement that will back its continued strategy of growth. Small World’s global reputation has also earnt the trust of hundreds of the world’s largest financial institutions who have partnered with the company to facilitate its global payout network.
The exceptional level of liquidity provided by the new RCF gives the company another tool to ensure consistent and quality service delivery for its money transfer customers. In particular, it will support the business at times when there are seasonal fluctuations in money transfers, such as in the recent month of Ramadan.
The RCF will allow Small World to borrow funds from RBS at any time and as needed, becoming immediately available for borrowing again as soon as the funds are repaid. As such, the solid £15m financial buffer will absorb the variables of the levels of cash passing through the business, and will free up working capital for the business to invest in its growth, and territorial expansion plans.
As an existing partner to Small World FS, providing a banking hub in the UK handling transactions and providing FX services, RBS was already familiar with the nature and growth ambitions of the business. The bank identified and carefully assessed three significant areas of collateral against which they would confidently be able to offset the credit risk and provide Small World with the flexibility they required.
The RCF agreement is another growth milestone for Small World FS, which gives its customers more choice of how they send and receive their money than any other money transfer business. This announcement is the latest in a sequence, including reaching 50m transactions in the summer of 2016, and expanding into new territories such as Sri Lanka and Norway earlier in the year.
Commenting on the agreement, Nick Day, founder and CEO of Small World FS:
“Securing this RCF is an important stepping stone for Small World. It is also a great vote of confidence in our business model, which is built to a large extent on our good partnerships with banks around the globe.
“We are growing organically by expanding our network of agents and extending our digital estate while continuing to consolidate our position as a leader in the industry. The RCF will play an important role in achieving these ambitions.”
Matthew Glew, Relationship Director, Financial Institutions at RBS, adds:
“RBS is delighted to be able to further support Small World through the provision of this facility. We have built an excellent relationship with Small World and our knowledge of both the business, and the sector proved vital in being able to offer the business this level of RCF. We look forward to continuing to work with Small World as we support the business in achieving its strategic ambitions in the years ahead.”
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