Unique online platform that connects corporate borrowers with leading banks and lending institutions invites SMEs to apply for finance
London, UK, January 29th 2013 – Finpoint (UK) Ltd., the unique online financial matchmaking service that connects SMEs with banks and financial institutions that are ready to lend, today invites the UK’s small and medium-sized enterprises to apply for finance. Following its launch in Germany in 2010, to date, Finpoint has delivered loans to companies totalling €155 million. The Finpoint German service has 155 major lenders on board and over 2000 registered SME users.
Finpoint provides an easy-to-use, always-on and totally secure web platform that efficiently connects borrowers with lenders that are ready to do business. The platform enables lenders to review the borrowing requirements of a range of SMEs – all presented within a standardised application format. For borrowers, Finpoint can fast-track a company’s anonymised financing requirements to the lenders and products that will best meet their needs – saving a significant amount of paperwork, time and money. For banks and financial institutions, Finpoint allows lenders to quickly filter, evaluate and select lending opportunities from a range of borrowers – straight from the desktop. There are no costs to lenders, and charges for prospective borrowers are entirely transparent.
Nigel Maine, European Head of Marketing for Finpoint, comments: “This is the service that cash-starved businesses in the UK have been waiting for, and one which is set to bridge the SME financing gap that has existed for far too long.” He adds: “By streamlining the entire lending process, Finpoint is already connecting SMEs with transformative funding for growth in a way that has never been done before. Finpoint delivers an entirely new, pain-free way for businesses to engage with lenders, and we are inviting all SMEs to register their borrowing needs with us and explore the major possibilities that fast-tracked business financing can bring.”
Financial arrangements offered to businesses via the Finpoint platform include factoring/invoice discounting, overdrafts, unsecured loans, loans secured against property, and other secured loans. For more information, please visit http://www.finpoint.co.uk
For media information, please visit: http://www.finpoint.co.uk/press