General Atlantic Invests $250 Million in Lending Startup Greensill

Private-equity firm General Atlantic has made a minority investment in U.K. lending startup Greensill Capital, continuing its strategy of placing bets on companies that use technology to try to disrupt the traditional financial system.

The New York private-equity firm is investing $250 million, valuing Greensill at $1.64 billion, the two companies told The Wall Street Journal ahead of a planned announcement Monday. Greensill, which provides working-capital financing to companies around the world, has been closely held until now. General Atlantic is its first institutional investor.