Funding solutions business Channel has launched a £300mn plan for FinTech SMEs, CityAM reports.
In Brief:
Channel Capital Advisors has launched a new £300mn funding plan for FinTech SMEs.
It will support digital lending FinTech Platforms to finance their loans to SMEs.
The capital will be deployed initially across Europe and North America.
What does this mean?
Chief investment officer Paul Wilson told CityAM the investment into the Fintech Lending Fund is a “significant step forward” for the firm, which aims to “facilitate loans for SMEs that are faster, simpler, and don’t dilute their business” through its digital platform partners.
