Gilion has provided €1.5 million in growth financing to UK financial reporting and consolidation platform Joiin, with the capital earmarked for international expansion and commercial growth.
The Exeter-based company said the non-dilutive financing will support its go-to-market strategy, expansion into new markets and continued investment in its product and partnerships. Joiin describes itself as profitable and cash-generative and is used by thousands of organisations to consolidate financial and non-financial data across platforms including Xero, QuickBooks and Sage.
The deal appears to represent the latest stage in a longer debt-funded growth strategy for the bootstrapped fintech.
Companies House records show Founderpath registered security over Joiin in October 2023, followed by a second charge in June 2024 in favour of SWIF - Debt Area A LP, part of the British Business Bank-backed South West Investment Fund and managed by FSE. FSE has previously disclosed that Joiin received a £250,000 loan from the fund to support its growth.
Gilion Credit I AB subsequently registered a new charge over Joiin on 26 August 2026. Less than two weeks later, on 7 September, the company filed notices confirming that both the Founderpath and FSE charges had been satisfied in full.
The filings do not disclose whether proceeds from the €1.5 million Gilion facility were used directly to repay the earlier lenders. However, the timing of the new security and simultaneous release of both previous charges is consistent with Gilion replacing Joiin’s existing secured debt facilities.
Founded in 2018, Joiin has largely grown without institutional equity funding. Chief executive and co-founder Lucien Wynn has previously spoken publicly about the company’s decision to use debt after years of bootstrapping rather than raise equity at what he considered unattractive valuations.
Nikolaj Sørstrup Jørgensen, VP Origination at Gilion, pointed to Joiin’s diversified customer base and stable retention as factors behind the investment, describing the predictability of its recurring customer cohorts as “the kind of predictability we want to back.”