17th May 2019
The British Business Bank’s ENABLE Guarantee programme is now accepting applications from new types of lenders, with the aim of increasing the diversity of both supplier and type of finance available to smaller businesses.
10th May 2019
Cherwell Software a global leader in service management, has announced that 40 new jobs will be created at their facility in Dundee, following a £3.1million research and development (R&D) grant from Scottish Enterprise.
The funding forms part of an overall £22 million investment from Cherwell, £8.9 million of which has been allocated to Scotland, to develop new and cutting-edge technologies at its Dundee R&D facility to allow businesses of all types to automate services across their enterprises, driving efficiency and productivity.
9th May 2019
It’s been serving the community of St Clears with traditional, tasty fish and chips for more than 50 years. And now Neil’s Fish and Chip shop has new owners Ricky and Hanna Jones who, thanks to a loan from Development Bank of Wales, will continue to ensure that the locals and tourists can enjoy top quality fish and chips.
25th April 2019
Kantox, a leader in FX management solutions for businesses, has just closed its second venture debt financing deal with Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors.
The €5 million loan package is the second deal agreed between Kantox and SVB, with the first announced in December 2017. The new financing agreement underscores the appeal of Kantox’s growth story and SVB’s track record of investing in disruptive companies.
25th April 2019
Credit Kudos, challenger credit bureau and leader in commercial applications of Open Banking, has raised £2.2m in their latest round of funding.
Funding is led by Ascension Ventures, through its social impact fund Fair by Design, with additional investment from existing investors NFT Ventures and Entrepreneur First’s Next Stage Fund.
New backers include Dragons’ Den star Sarah Willingham; prolific angel investor Charlie Songhurst (investor in Affirm, ClassPass, and Coindesk); and key figures from the credit industry, including both the former CEO and MD of Callcredit, now TransUnion, John McAndrew and Graham Lund. The investment will be used to drive further growth within the UK and support expansion into Europe, alongside further investment into Credit Kudos’ platform.
24th April 2019
Award-winning Mexican quick-service chain Chilango is celebrating one of the most popular alternative investment offers of recent times. The firm’s Burrito Bond 2TM, launched in October, quickly smashed its initial £1m target, with over £3.7m invested as the offer closed last Friday; this comfortably surpasses the £2.1m raised by the original Burrito Bond in 2014.
24th April 2019
Specialist property peer-to-peer lender CrowdProperty has closed a £1.1m equity funding round. The campaign, hosted on Seedrs, smashed the £600,000 target, over-funding by 81% with £1,089,000 raised from 575 investors based on a pre-money valuation of £15.7m.
16th April 2019
There’s one thing we continue to hear from our SME customers right now and it might surprise you that it’s not ‘Brexit’. In fact, it’s ‘the future’. Despite the doom and gloom of Brexit causing concern for 90 percent of SMEs, the reality is that 2019 still holds a lot of opportunity for growth. As a result, many businesses are taking control and tackling these challenging times head on.
5th April 2019
Quilam Capital, which provides both debt and equity solutions to companies in the speciality finance sector, has announced its seventh investment since it launched late 2017.
Quilam has made a multi-million-pound investment into Propensio Finance Limited, a technology-led niche consumer finance platform, which provides unsecured loans to home owners to fund home improvements. The business has a strong network and relationships with home improvement product providers throughout the UK.
21st March 2019
Marketplace lending hit a record £6.1bn in 2018, according to Link Asset Services’ inaugural Marketplace Lending Index, powered by Brismo (formerly named AltFi Data).
The value of gross marketplace lending conducted by tech-enabled platforms (which includes crowdfunded or peer-to-peer loans) reached a quarterly record of £1.6bn in Q4, up 13.9% year on year.
The record end to 2018 marks an impressive rise for this form of lending. In 2011, new gross lending amounted to just £92m. It now takes a shade under six days for marketplace platforms to originate this amount.
21st March 2019
Leading estate agency comparison business GetAgent has closed a £2.2m super-seed round from a consortium of investors led by Marchmont Ventures, backers of Motorway.co.uk and joins the Channel 4 Commercial Growth Fund, the investment arm of Channel 4 Television which invested in 2018. GetAgent is the estate agency comparison website, comparing the performance of every UK estate agency via multiple, third party data points to reliably help potential home sellers choose the right agent based upon performance.
20th March 2019
Specialist property peer-to-peer lender CrowdProperty has secured the backing of a major financial institution to lend up to £100 million of loan capital to CrowdProperty’s expertly curated property projects over the coming 12-24 months.