Fleximize, an alternative provider of finance to small and medium-sized enterprises (SMEs), has seen its lending to small businesses jump 33 per cent from the second quarter of 2017.

Since launching three years ago, Fleximize has lent £60 million to UK SMEs, and the company says it is well on track to hit its goal of lending more than £100 million to SMEs by the close of 2019.

Fleximize supports UK small businesses with a range of alternative funding options that are tailored to the unique needs of every business. Following its most recent funding round in April 2017 (£16.3 million), the company has looked to further enhance its product offering and member benefits, while significantly boosting its lending capacity.

Peter Tuvey, co-founder and managing director of Fleximize, says, ‘Our consistent growth has proven that SMEs need alternative lenders like us to help make their businesses a success. We’ve become an integral cog in our customers’ success stories, and that’s something special. Our customers are representative of the hands-on, hard-working and dedicated entrepreneurs that are driving the UK economy forward.

He adds, ‘This has been a very exciting year for Fleximize, and we can’t wait to see what 2018 brings. We look forward to continuing to support British businesses in the face of Brexit, and beyond.’