In The Press

London-based fintech startup Funding Xchange raises 9.3m euros

London-based fintech startup Funding Xchange raises €9.3m

"Funding Xchange, a London-based fintech that offers an innovative, data-driven business lending marketplace, closes a €9.3 million funding round, led by Downing Ventures and Gresham House Ventures.

Founded in 2014, Funding Xchange has created the world's first intelligent decisioning platform for business lending, performing aggregation through the use of lenders' underwriting models. Through their platform, businesses can obtain quotes and funding within minutes as compared to days or weeks with conventional funding routes.

The new round of investment will enable Funding Xchange to harness the technology behind its marketplace service to accelerate the rollout of its white label 'lending in a box solution'. This solution digitises the key steps in the underwriting process so that banks and lenders can instantly and cost-effectively serve customers, while ensuring that the best products across the market are available to them. "

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This article was published in EU Startups 18th November 2019