Finpoint set to unlock business lending for UK SMEs
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