Business finance marketplace Funding Options has launched the Funding Cloud.
In Brief:
The ‘Funding Cloud’ is a real-time lending platform for SMEs.
It has signed up FinTechs including iwoca, Just Cash Flow, YouLend, Optimum Finance and FIBR.
It expects to have more than 30 lenders integrated by Q4 this year.
What does this mean?
Funding Options says helping SMEs access finance faster will help them in the recovery from the Covid-19 pandemic, as well as offering “fair and competitive options”.
Funding Options CEO Simon Cureton said the new platform “builds on the significant scale we have, both in terms of our SME acquisition flow and distribution to our lender partners”.
