The online lender that has seen funding to small businesses soar

Online debt is proving to be a popular form of funding for SMEs, as the growth of finance provider Fleximize has demonstrated.

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.’

Related Topics

SME lending

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