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Funding Xchange closes 8 million pounds in funding round

Funding Xchange closes £8m in funding round

Fintech firm Funding Xchange has announced the closing of an £8m funding round, led by Downing Ventures and Gresham House Ventures. The firm has built a digital 'decisioning technology' to enable its partners to offer customers access to personalised and instant quotes for business funding.

Funding Xchange is designated by HM Treasury as a Finance Referral Platform and works with nine UK banks to help their customers access finance solutions if they are not ready for bank finance.

The new round of investment will help the firm accelerate the rollout of its white label 'lending in a box solution' which digitises key steps in the underwriting process.

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This article was published in Business Cloud 19th November 2019