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

Future Retirement Success

Business

FundOnion targets £1 billion funding goal in bid to close business finance gap

by April 18, 2024
April 18, 2024
FundOnion targets £1 billion funding goal in bid to close business finance gap

AI-driven business finance comparison site, FundOnion, has announced plans to facilitate over £1 billion in funding to help up to 25,000 SMEs grow over the next four years.

The plans come as the small business finance platform continues to work to consolidate what is a historically fragmented market for small business loans.

It is estimated that the UK is suffering from a £22 billion funding gap for SMEs, stifling growth and limiting opportunities for a group of businesses that are vital to the UK economy, but poorly served by traditional funding routes. Combined with an application process that is time consuming and opaque, and a return to higher interest rates, there is a clear need for businesses to have clarity of the funding options available to them.

FundOnion’s platform enables businesses to quickly compare the cost of business loans from over 30 providers and secure funding in a faster and more transparent way. This world-first approach to business finance has led to an unheard-of pace of delivery, with FundOnion’s fastest loan being provided in just 19 minutes.

This funding has already been seismic for thousands of businesses in the UK. One family-owned business recently received a £500,000 growth finance loan through the FundOnion platform and was able to quadruple its revenue in just 12 months.

FundOnion CEO and Co-Founder James Robson, said: “The UK’s small business community has been chronically underfunded for over a decade as institutional lending has dried up, stifling growth, creativity and the economy. We’re flipping the script by providing the small business community with a platform that’s dedicated to fuelling their expansion and resilience. We’re also aware that our £1 billion goal is just the start of our ambitions to create the country’s best-known marketplace for business finance. Let’s be clear: we’re not here to play small.”

“While our core focus currently is business loans, we are adapting our technology and our capital partner infrastructure to offer a whole host of financial products to SMEs across trade finance, invoice finance, asset finance, and a whole universe of Asset Based Lending (ABL). We’re rewriting the playbook on how to provide capital to UK SMEs all while making a positive and meaningful difference to the UK economy.”

Read more:
FundOnion targets £1 billion funding goal in bid to close business finance gap

0
FacebookTwitterGoogle +Pinterest
previous post
WWII’s Impact: The Birth of Europe’s Extensive Welfare System
next post
Can a business be both purpose-driven and profitable?

You may also like

Entrepreneurs Wanting to Preserve Wealth: Go for Real...

October 24, 2024

Employers show strong interest in ‘Dutch-style’ CDC pension...

May 12, 2025

Can the Australian Government Control Gambling Ads?

December 22, 2022

Premier Inn owner Whitbread to return £2bn to...

October 16, 2024

John Lewis recruits Stanley Tucci to revamp homeware...

July 22, 2024

Untapped Benefits Of Retargeting In Search Marketing Campaigns

March 18, 2024

Sunak says no to tax cuts before next...

July 12, 2023

UK Innovation Activity Shows Strong Growth, According to...

March 22, 2024

HRLocker Raises £1.8M in funding round to accelerate growth...

January 12, 2023

10 tips to become a successful entrepreneur

March 21, 2023

    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