Luxury asset backed lender, Suros Capital, has announced that it has reached its first goal of signing up 1000 adviser partners to its short-term lending proposition. Suros, whose loans are secured against alternative assets such as classic cars, jewellery, fine art, watches and fine wine, believes that its success in signing up its first 1000 […]
The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, has today published a new paper that shows the serious problem of financial exclusion in the UK and how innovation in fintech can allow people to access affordable credit. This comes at a time when over 10 million adults in the UK cannot […]
Atom bank is partnering with fintech Credit Kudos to further enhance its open data capabilities for business loan affordability assessments and deliver £1bn in lending over the next two years. Unlike a traditional credit assessment, Credit Kudos uses Open Banking data to provide a holistic, up-to-date view of both individuals’ and business’ finances. This helps […]
Following the government’s announcement that the UK Job Retention Scheme is to be extended to the end of September, new research has revealed that more than one in 10 (12%) SMEs would have been at risk of closure had the scheme ended in April. The survey*, which was commissioned by Hitachi Capital Invoice Finance, spoke […]
Specialist business property adviser, Christie & Co, has assisted Dentex in its latest acquisition in Hampshire. Expanding corporate group, Dentex, has purchased a fully private four-surgery practice which has been under the same ownership for over 10 years. It was brought to market by its Principal to allow him to focus on clinical work and […]
Countingup, the business current account with built-in accounting software, today announced the close of a £9.1 million Series A investment round, led by Framework Venture Partners and joined by Gresham House Ventures, Sage, and existing investors. The funding will be used to drive product innovation, growth and team expansion. Countingup is an innovative fintech company […]
Castle Trust Bank has partnered with Legal & General Mortgage Club to enable more brokers to access its range of specialist buy-to-let products. Legal & General Mortgage Club members now have full access to Castle Trust Bank’s Buy-to-Let mortgages, bridging and development finance, which are available to UK residents, ex-pats, foreign nationals, SPVs and trading […]
Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has reduced rates on its five-year, fixed-rate, standard buy-to-let loans for a limited time. Zephyr’s new rates start at 3.19% for up to £1.5m for the five-year, fixed-rate standard buy-to-let mortgages for individuals and limited companies. As with all of Zephyr’s products, there is no upfront […]
Nextbase, the world’s leading manufacturer and developer of dash cams, has secured a £16m invoice discounting facility from Secure Trust Bank Commercial Finance, designed to support domestic and international growth at the Surrey-based business. The facility will also supplement the firm’s working capital cycle, and marks the first time external funding has been used by […]
Yolt Technology Services (YTS), the leading open banking provider, has today made its tried and tested Account Information Services (AIS) available to UK business lenders, to provide enhanced data insights and support credit decision processes. Lenders are required to risk weight their back book of loans, which then must be considered before new loans are […]
