Accelerated Payments collaborates with Optimum Finance to provide increased funding
2020 has been a challenging year for many SMEs across all sectors and as the government support schemes for Covid-19 come to an end, more companies will be actively seeking alternative forms of finance to address their funding shortfalls.
There is no one solution for businesses, but collaborative working between finance providers can help to reach companies with the greatest need for credit, whether they are local establishments trying to emerge from months of lockdown or scale ups that want to expand internationally post-Brexit.
SME invoice finance companies Accelerated Payments and Optimum Finance have taken the lead in a collaborative approach and are joining forces to better support their clients – while remaining as separate companies. Together they will support UK businesses with greater levels of funding during this critical period.
Both companies have seen a recent uptake in demand for invoice finance funding as more companies across all sectors are struggling with cashflow. By working together the two providers will be able to deliver higher levels of funding to SMEs, as the partnership means they can maximise the amount of working capital the client can access.
This will enable Accelerated Payments and Optimum Finance to offer more funding to SMEs and to provide them with best-in-class funding solutions.
Ian Duffy, CEO at Accelerated Payments, said: “We are extremely pleased to be working together with Optimum Finance. The continuation of funding is key to SMEs that are impacted by the pandemic and we as FinTech businesses are in a good position to address this issue head on.
This collaborative working approach not only highlights the important role invoice financing can play for businesses in these challenging times, but more importantly it shows that by working together we can be of even greater help. This is not the time for competition for the sake of it, but rather a time to offer the best possible service to our clients.”
Ant Perrse, CEO at Optimum Finance, added: “This partnership allows us to provide small and medium businesses with the help they deserve in this difficult time. SMEs have a huge, positive impact on the UK economy and we’re passionate about supporting this. The additional access to funds combined with our current outstanding technology and customer service is going to put our clients in the very best position. We know by working with Accelerated Payments we’ll have a partner that complements our products and values.”