Funding Xchange and Enterprise Nation launch Business Finance Hub
Funding Xchange (FXE), the finance platform powering MoneySuperMarket’s business funding channel, and the UK’s fastest growing business support provider, Enterprise Nation, are joining forces to support small businesses and start-ups with financial support.
The partnership will provide users with access to free online resources, a tool to help businesses identify and access funding solutions, and connections to advisers.
Today’s launch of the ‘Enterprise Nation Finance Hub’ provides businesses with instant access to finance options. The new digital lending tool, hosted on the Enterprise Nation website, will help businesses understand the full range of funding solutions open to them. The secure application process takes under five minutes with types of finance available presented back immediately.
In the first quarter of 2021 a new financial e-learning tool to deliver training on how to raise funds, angel investment, debt and equity investment, will also be launched, in addition to an accreditation programme for advisers enabling them to use the platform for their clients.
The partnership means firms looking to assess their range of finance options in one place, can also benefit from business support, business-building e-learning tools, and crucially, Enterprise Nation’s network of 10,000 advisers.
Emma Jones, founder of Enterprise Nation said: “Getting access to alternative sources of funding can be complicated and time-consuming, two things small business owners do not have the time for.
“Our new Finance Hub, powered by Funding Xchange, will dramatically improve that process by delivering relevant and instant funding options to the screens and inboxes of thousands of small businesses looking for solid finance solutions.
“If 2020 has taught us anything, it is that seeking the right finance at the right moment can be life changing for any business and combining finance with good support is a vital way to grow a business.”
Katrin Herrling, CEO of Funding Xchange said: “Businesses have shown huge resilience over the last year. As we are continuing to navigate unchartered territory, access to sustainable, affordable funding solutions is critical to give businesses the flexibility to adjust and respond to challenges. For many businesses, this funding gap is filled by a cohort of excellent alternative lenders.
“But businesses struggle to know where to look for the alternatives, and the Enterprise Nation Finance Hub will address this by providing much-needed access to tools and advisers – as well as tailored finance solutions, making a huge difference to the growth ambitions of many thousands of small businesses.”
In September, the partnership announced it had won funding from the RBS Remedies Fund to deliver the Finance Hub that brings together Enterprise Nation’s experience in delivering access to learning resources and advisers with Funding Xchange’s ability to seamlessly connect businesses to funding solutions. The Hub will feature finance offers from digital and challenger banks and alternate lenders and is projected to support thousands of businesses that are finding it challenging to access funding solutions.
