Equiniti Credit Services (EQCS), the UK’s leading consumer credit technology and outsourced services provider, has been chosen by Cardiff-based bank, Hodge, to create a flexible digital mortgage servicing solution. This latest client win is significant for EQCS and marks its move into the mortgage market for the first time. EQCS is working with Hodge to […]
The banking and finance sector has lent over £1.1bn to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), UK Finance has revealed today. Total lending under the scheme has grown by £700m in the last week, an increase of 150%. 6,020 loans have now been provided through CBILS, more than double the […]
Ebury, one of Europe’s largest fintech companies, is launching an initiative to offer financing to SME’s in the UK and Europe. An initial £40m lending facility to help UK SMEs manage their working capital during the coronavirus crisis is available now and Ebury aims to expand this program into the hundreds of millions in collaboration […]
Summize, the developer and provider of intelligent software for the legal sector, has bolstered team growth, product development and cross-border expansion plans as a result of a £500,000 investment from the Northern Powerhouse Investment Fund, with additional capital from tech investor Charles Sharland. The Manchester-based firm has created a platform, driven by artificial intelligence (AI) […]
A family-run bed shop trading in Hampshire for more than 30 years has safeguarded jobs amid the coronavirus crisis with a five-figure emergency loan from longstanding banking partner Lloyds Bank. Ian Cleary has been running Forty Winks Bed Co. in Farnborough for three decades, having started the business with his father when he was just […]
Corporate Linx has launched its new “Rapide Reverse” solution targeted specifically at medium sized companies. Rapide Reverse is a fast track implementation of Corporate LinX’s supply chain finance solution. It is designed to enable medium sized companies to support their key suppliers and protect their vital supply chains around the world during these challenging times. […]
The British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) – The Co-operative Bank, Cynergy Bank, OakNorth Bank and Starling Bank. Following their approval, each lender will be putting in place the operations required to start lending under the scheme and will […]
iwoca, one of Europe’s largest business lenders, is supporting UK-wide initiative #StockUpSmall, to inspire the public to use local businesses at this crucial time. Attitude of British public towards small businesses Research by iwoca pre-pandemic, carried out to understand the loyalty of the British public, suggests that they are more sympathetic towards small business struggles […]
LendInvest, the UK’s leading platform for property finance, has updated its product catalogue in response to recent market turbulence, and confirms that it intends to continue lending. LendInvest has limited bridging loan LTVs to 70% for residential property and 60% for commercial property. For buy-to-let (BTL), LendInvest has limited LTVs to 70% and will lend […]
As part of the succession programme at Reward Finance Group, Nick Smith has been promoted to group MD. He takes over the role, at the alternative finance provider, from founding directors, David Jones and Tom Flannery, both of whom will continue as directors and remain fully committed to the business for at least the next […]
