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20th February 2019

British Business Investments commits £20m to ThinCats

ThinCats, the fintech lender for mid-sized SMEs, today welcomes a new £20 million funding commitment from British Business Investments, a commercial subsidiary of the British Business Bank.

British Business Investments is making the new commitment under its Investment Programme, which supports the development of more diverse debt finance markets for small and medium sized businesses. The commitment will provide ThinCats with additional capital to make term loans which will support the growth of businesses across the UK.

15th February 2019

Praetura secures £75m lending facility from NatWest Markets

Praetura Asset Finance Group (PAF Group), an asset finance lender based in Manchester, today announces it has closed a £75m securitisation facility with NatWest Markets. The rated facility will allow PAF Group to expand its origination capacity, enabling growth in its loan book to provide up to £200m to SMEs across the UK.

8th February 2019

Goji demonstrates IF ISA benefits as it brings  25 direct managers on board its platform

Goji, the specialist direct lending investment manager and platform, has launched its 25th platform technology client, enabling 25 direct lending investment managers to offer financial products, such as the IF ISA to retail investors.

Five of these managers were added just this month, including Earthworm, Dot Fund, Route Finance, Growth Capital Ventures and Bird Box Bonds and there are at least ten more who are looking to launch using Goji’s technology by the end of the tax year. These new firms are in addition to Goji’s existing client base who include the likes of Downing, Landbay and Assetz Capital.

7th February 2019

£410k MEIF Maven Debt Fund to support Nottingham businesses

The Midlands Engine Investment Fund (MEIF) has provided two debt packages, committing a total of £410,000 to support local Nottinghamshire businesses.  The £200,000 loan to Optimise Accountants and the £210,000 provided to Renato Software will give the businesses’ capital to invest in and expand product lines as well as investing in several key functions in the business.

4th February 2019

£1.25m loan helps advanced manufacturer prepare for growth

 

LSN Diffusion (LSN), a high-tech metallurgical business has secured a further £1.25m loan from the Development Bank of Wales to support their ambitious growth plans.  LSN’s cutting-edge technology is used to manufacture high alloy atomised powders used in high-tech industrial applications including 3D printing and specialised uses in the defence and other industrial sectors.

 

29th January 2019

Goji reassured with platform success after HMRC ISA / eMoney clarification

The latest HMRC ISA Bulletin confirmed that ISA subscriptions cannot be held with eMoney providers. Goji, the specialist direct lending investment manager and platform, comments on how this could impact the investment industry and the P2P sector. 

24th January 2019

MEIF Maven Debt Finance provides £160k to Validair Monitoring Solutions

MEIF Maven Debt Finance has provided Validair Monitoring Solutions Limited, a technical services and environmental monitoring solutions company, with a £160,000 debt funding package. The funding will enable the business to expand its service offering overseas, invest in its product portfolio to meet growing market demand and support the appointment of four employees in the region.

22nd January 2019

UK Fintech MarketInvoice secures £56m in equity and debt funding

 

Fintech business lender MarketInvoice has announced it has raised £26m in new equity funding. This Series-B funding round was led by Barclays and fintech fund Santander InnoVentures with significant participation from European venture fund Northzone, an existing investor in the company. Technology credit fund Viola Credit, who also participated in the equity round, will provide a debt facility of up to £30m to help scale the MarketInvoice business loans solution, that sits alongside their core invoice finance solutions.

 

15th January 2019

IGF bolsters ABL sales team after record-breaking year
Independent Growth Finance (IGF), the leading independent asset based lender, today announces further investment in its asset based lending sales team following a record year.

With 17 years’ experience working in asset based lending and invoice finance, the appointment of Nigel Hibbert as ABL director strengthens IGF’s presence in the South East. Following this latest appointment, IGF’s ABL sales team has increased 50 percent in the last 12 months.

8th January 2019

IGF financing fits golf business benross down to a tee

In 1997 Benross’s CEO Jon Everitt set out with a singular vision: to launch a sports brand that would produce top quality golfing equipment, without the prohibitive price tag. Twenty-one years later, the golf brand has grown to become the largest golfing manufacturer in the UK. It remains privately owned and has become synonymous with quality and appeal. Now it is poised for European growth with a £2M boost to working capital funds from Independent Growth Finance, IGF.

18th December 2018

Blend Network secures £10m of seed funding

PEER-TO-PEER development loans platform Blend Network has secured £10m of funding from private investors.  The late-seed round of financing was backed by investors including Cyrus Ardalan, former vice chair of Barclays and current chair of OakNorth Bank and Citigroup Global Markets, the family office of Publicis Group chairman Maurice Levy and Jean-Phillipe Blochet, co-founder of hedge fund Brevan Howard.  The London-based firm said on Monday that the oversubscribed funding round comprises a combination of equity, to scale up the business, and commitments to lend via the platform.

17th December 2018

Giles Andrews joins Dynamic Credit to Chair Supervisory Board

Giles Andrews OBE, co-founder of Zopa, the world’s first marketplace lender, will join Dynamic Credit as Chairman of their Supervisory Board, subject to regulatory approval. The Board will have three members and serves to strengthen the corporate governance of Dynamic Credit Group (DCG), which comprises of the asset manager and direct lender Dynamic Credit and the investor servicing platform LoanClear.

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