Funding Xchange closes an 8 million pounds funding round

Publication: Finextra
18th November 2019

“Funding Xchange (FXE), a business lending fintech firm that has built data-driven decisioning technology to enable partners like Monzo, Experian and MoneySuperMarket to offer their customers instant access to personalised transparent funding quotes, today announced securing an £8m funding round, led by Downing Ventures and Gresham House Ventures.

The new round of investment will enable FXE to harness the innovative technology behind its lending marketplace service to accelerate the rollout of its next generation lending solution, which will digitise key steps in the underwriting process so that banks and lenders can instantly and cost-effectively serve their customers. ”

Read the full article on Finextra