SSV Capital PLC earlier this week updated investors on its fintech and real estate business units as well as its evolving strategy for institutional capital engagement.
The company said it had repaid a £2.5 million convertible loan note, including accrued interest, ahead of the October 31 due date. The repayment was completed and announced on 4th April 2025. It highlighted that the move was made possible due to a strong balance sheet and ongoing investor confidence.
SSV Capital is also expanding its payments platform, SSV Smart Pay. The company said it aims to reach 2.00 million transactions this year. Loyalty and cashback schemes are being used to drive adoption. Open banking remains a central focus, and it noted that embedded finance solutions are also in development.
Ankur Ghosh, CEO of SSV Capital, said merchant and customer feedback had been “very, very” positive. He added that former UBS CFO Clive Standish had joined the team to support scaling efforts.
In real estate, the company is developing a Proptech product which has completed alpha and beta testing. SSV Capital said a full rollout is expected in the next three to six months.
Looking ahead, the company said it had secured institutional interest with active commitments, not just letters of intent. It is also moving forward with its plan to build an equity desk and has established itself as a general partner in Luxembourg. The firm said it is currently progressing through the FCA’s licensing process.
Proactive: So Ankur, for viewers not familiar with the company, tell us a little bit about SSV Capital and what you do.
Ankur Ghosh: So SSV Capital PLC is a company that looks into banking and fintech projects, real estate Proptech projects, and also funds that are AIFM-registered within Luxembourg. We’re starting something new as well — an equity desk. We’re involved in sectors ahead of the market curve, and our head office is located at Level 18, 40 Bank Street.
Proactive: You were out with some news recently — you repaid a £2 million convertible loan note ahead of schedule. That’s good news for you and your investors.
Ankur Ghosh: Sure. When we started our operation, there was a lot of confidence in our fintech and banking side. Investors trusted us. Our balance sheet was strong, so we decided to repay them early — the original repayment date was 31st October. But based on a board decision, we repaid earlier despite the current financial climate. We announced the repayment, including interest, on the London Stock Exchange on 4th April 2025 — £2.5 million in total. I couldn’t be happier.
Proactive: That’s clearly a sign of SSV Capital’s financial strength and discipline.
Ankur Ghosh: Of course. It’s all about investor confidence and trust. Loyalty is a two-way thing. This shows how strong we are and how we can continue forward.
Proactive: Can you give us an update on SSV Smart Pay? We talked about its rollout last time. What has the take-up been like from merchants and customers?
Ankur Ghosh: SSV Smart Pay is moving broadly. Mr. Clive Standish, ex-CFO of UBS, has joined us as Investment Director and is helping push operations forward. We are aiming to escalate to 2 million transactions this year and move to our next funding round. Merchants and customers love it. We’ve introduced loyalty and cashback schemes, and we're connecting merchants and customers directly. It’s built around open banking, and now we’re also moving into embedded finance.
Proactive: So very positive client feedback for the company.
Ankur Ghosh: Very, very positive. I wouldn’t be here without that trust and support from investors. I thank them sincerely for their appreciation and commitment.
Proactive: You also mentioned SSV Real Estate. How is that doing at the moment?
Ankur Ghosh: SSV Real Estate is developing a Proptech programme that has gone through alpha and beta testing. It’s doing well. We’re syndicating properties and refining customer metrics. It's not quite at the same level as Smart Pay yet, but we've achieved key KPIs and expect to roll it out in the next three to six months.
Proactive: What should we be looking out for from the company for the remainder of 2025?
Ankur Ghosh: We started the year strong, with institutional rounds and commitments — not just letters of intent, but actual investment commitment. Through Smart Pay, we’ve already bonded with a major institutional investor. We’re aiming for the same with SSV Real Estate. As SSV general partners in Luxembourg, we’re building an equity desk around real estate and technology. We’re also progressing through FCA licensing. It’s all happening step by step, and we’re growing with the trust and confidence of our team.
Proactive: I hope you’ll continue to keep us updated on progress at SSV Capital. Thank you very much for coming through today.