British business lender Fleximize has secured £136 million in securitised financing from existing backer Goldman Sachs Asset Management and new lender Citi.
In brief:
-This latest facility, which will be backed by loans to small and medium-sized enterprises (SMEs) originated by Fleximize
-It will be used to redeem existing debt, expand lending operations and accelerate the company’s growth in the market.
-Founded in 2014 and headquartered in Ipswich, Suffolk, Fleximize acts as a digital lender to UK’s SMEs, providing “flexible finance” through its proprietary technology and underwriting process
What does this mean?
Peter Tuvey, co-founder and CEO of Fleximize, says the new financing is “significant” for the company’s future. “The proceeds from this financing will play a vital role in assisting in our growth and broadening our reach, as we continue to provide best-in-market finance solutions to businesses across the UK.”
