20 January 2023
The UKs largest lending platform for small businesses, Funding Circle, this week announces two new partnerships with Tungsten and PayPoint, to further support small businesses in the UK with access to hassle-free finance.
Funding Circle is on a mission to help SMEs in the UK access the funding they need to win, and these two partnerships will allow more small businesses to apply seamlessly and directly via the new partner platforms.
The partnership with Tungsten Network, the electronic invoicing firm providing supply chain financing services globally, means eligible Tungsten account holders will be able to easily apply for a Funding Circle business loan directly from their Tungsten account.
PayPoint customers can also apply for a Funding Circle loan and customers will have a dedicated account manager at PayPoint to guide them through the process. The partnership will provide funding access to PayPoint’s network of 28,000 UK partners, which is larger than all supermarkets, bank branches and Post Offices combined.
Alexander Allen, Managing Director at Funding Circle said, “At Funding Circle, we are always looking for ways to further support small businesses. We are excited to partner with Tungsten and Paypoint, platforms that share the same goal as Funding Circle. These partnerships are a natural way for us to reach more small businesses and give them quick, hassle-free access to funding through our innovative technology.”
Like Tungsten and PayPoint, Funding Circle focuses exclusively on serving businesses. With its market-leading instant decision lending technology, the lending platform helps businesses apply for finance in an average of just 10 minutes, and get a decision in as little as one hour.
As the specialists of small business lending, Funding Circle has already helped over 130,000 businesses worldwide access more than £14.5 billion.
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About Funding Circle
Funding Circle is a lending platform for small business borrowers. Established in the UK in 2010, and now the leading lending platform to SMEs, the Group also has a material and growing presence in the US. Globally, Funding Circle has provided £14.5bn in loans to c.130,000 businesses.
For small business borrowers, Funding Circle provides a leading-edge customer experience, delivered through its technology, machine learning, and data science, coupled with a human touch. Its solutions continue to help customers access the funding they need to succeed. For lending investors, Funding Circle provides access to an alternative asset class in an underserved market, and delivers robust and attractive returns.