Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Lenkie raises £49m to expand transaction-focused SME financing in the UK

by March 4, 2025
March 4, 2025
Lenkie raises £49m to expand transaction-focused SME financing in the UK

Cashflow management platform Lenkie has announced £49 million in fresh Series A funding—comprising £4 million in equity and a £45 million debt facility—to boost its payables financing solution for UK SMEs.

Led by a major US private credit fund, the round aims to tackle a reported £22 billion shortfall in UK SME funding as banks continue to retreat from business lending.

Founded in 2021 by Sanjeev Jeyakumar and Nnaemeka Obodoekwe, Lenkie pays suppliers upfront on behalf of growing businesses to cover vital costs such as stock, subcontractor payments, and equipment. By relying on real-time data for instant underwriting, Lenkie offers an alternative to the “slow and rigid” traditional borrowing process. Having already financed over £70 million and paid 2,000 suppliers across 40 countries, the company’s transaction-based approach reduces risk, lowers costs, and aligns with SMEs’ real-time needs.

Jeyakumar, a former Citigroup credit trader, said: “We’re using data and technology to understand the nuances of each business and provide fast, flexible capital. By financing specific transactions, we’re creating a new model of financial inclusion that aligns with how modern businesses operate and grow.”

Amid skyrocketing demand for alternative funding options, Lenkie’s tailored model could prove pivotal. The company plans to use the new capital to refine its data-driven underwriting, scale partnerships with major platforms, and potentially enter new markets. By bridging SMEs’ working capital gaps, Lenkie aims to spur growth among smaller enterprises, which drive 60% of UK employment and 50% of GDP—and remain underserved by traditional lenders.

Read more:
Lenkie raises £49m to expand transaction-focused SME financing in the UK

0
FacebookTwitterGoogle +Pinterest
previous post
Tech careers appeal more to SEND students, new survey finds
next post
Josie Zayner: The Perils of Unregulated Biohacking

You may also like

Trump’s anti-DEI push splits opinion among Britons

February 24, 2025

Landlords face ban on renting energy-inefficient homes under...

September 23, 2024

Reeves condemns rise in ‘NEET’ youth as a...

March 5, 2025

RMT announces Saturday rail strikes in August and...

August 12, 2023

Getting to Know You: Ozgecan Üstgül, Founder, Myth-Ai

September 25, 2023

How easy and affordable it is to get...

October 29, 2024

The Top 5 Cybersecurity Threats and How to...

December 27, 2024

Exploring Nonprofit Innovation with Gon Erez

November 23, 2024

Corporate intelligence company Hakluyt sets up fund to...

March 29, 2023

Pioneering the Future: Google and Cambridge Join Forces...

January 3, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

      June 1, 2025
    • Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

      June 1, 2025
    • Senate Republicans eye changes to Trump’s megabill after House win

      June 1, 2025
    • Trump shares post saying Biden was executed, replaced with clones

      June 1, 2025
    • House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

      June 1, 2025
    • Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

      June 1, 2025

    Categories

    • Business (8,105)
    • Investing (2,000)
    • Politics (15,458)
    • Stocks (3,119)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved