Vida, the specialist mortgage lender, has today announced a new partnership with Zoot to develop a digitally focused mortgage journey built around intermediaries. Vida will work with Zoot to build a new end-to-end mortgage platform that brings together key parts of the mortgage journey. The partnership, which is a significant part of Vida’s £5m investment […]
Assetz Capital has signed a funding deal with Aros Kapital, a fast-growing Nordic financing provider focused on the SME segment, to contribute to its lending under the Coronavirus Business Interruption Loan Scheme (CBILS). With offices in Gothenburg (HQ), Stockholm, Orebro and London, Aros Kapital provides loans, invoice financing and leasing for small and medium-sized companies. […]
Research by leading audit, tax and consulting firm RSM reveals that private equity (PE) firms have money raised, are proactively supporting their portfolio companies and are focused on acquiring new companies this year. Nearly 71% of the PE firms surveyed anticipate investing further capital to support their portfolio companies between now and the end of […]
Digital lender Selina Finance has enhanced its business lending offering by doubling its maximum loan term to 10 years. Selina Finance offers ‘flexi-loans’ up to £1m by allowing business owners to borrow against the equity locked up in a home or investment property. The lender has also announced changes to its property investor product to […]
July data from the third edition of the NatWest UK Small Business PMI® report showed a pick-up in activity at UK small businesses, in a further sign of operating conditions gradually improving following the lifting of lockdown measures. However, the pace of recovery remained uneven and lagged behind that seen among larger companies. The new […]
A phone recycling comparison business is set for further growth after buying its Maidstone headquarters with the support of Lloyds Bank. Kent-based Compare and Recycle has bought Sterling House on Ashford Road, where its team has been based for the last six years, thanks to a funding package from its longstanding banking partner. It now […]
HM Treasury figures published today reveal that over 1.23 million businesses in the UK have now been supported by lenders through government-backed coronavirus lending schemes. 17 million small and micro businesses have accessed a loan through the Bounce Back Loan Scheme (BBLS) to help support them through the pandemic. Over 60,400 businesses impacted by Covid-19 […]
The British Business Bank has published Future Fund data that gives a detailed picture of the 590 companies that have been approved for £588.3m worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 902 applications in total in the first three months of operations. This data shows where […]
Leading audit, tax and consulting firm RSM has appointed Janet Burt as a partner to grow and enhance the firm’s restructuring advisory team. The appointment bolsters the existing advisory team who have been actively engaged in a range of high-profile retail restructuring and fintech assignments. With over 25 years of experience, Janet has a diverse […]
Codat – a London-based technology company that connects the internal systems of small businesses to banks, fintechs and other financial institutions, allowing business data to flow back and forth in real time, has been awarded £2.5m by BCR (Banking Competition Remedies). The funding will be used to open up Codat’s API on a self-serve basis, […]
