“FinTech plays an important role in fostering innovation and enhancing competition in UK finance markets, becoming a growing source of funding for smaller businesses.”
Businesses supported as of 31 March 2017
The FinTech alternative lending sector has grown significantly over the last few years, with annual origination volumes currently in excess of £2 billion spread across business lending, property lending, invoice finance and merchant cash advance.
Our first investments date back to 2013 when the sector was in its infancy. We continue to see strong alignment with our own objectives in supporting the ongoing development of this sector, which provides a deeper and a more diversified pool of funding sources for smaller businesses.
Lenders continue to evolve rapidly as business models develop and products are adopted by the market, providing smaller businesses with a wider variety of flexible, affordable and more appropriate financial solutions.