Small businesses are the engine room of the global economy. Our technology platform helps them get the funding they need to win.
SMEs are a fundamental part of the global economy, driving growth, employment, and innovation.
Yet access to the finance they need to support their aspirations and operations is often restricted, with SMEs making up around half of UK and US GDP, but only a fraction of bank lending (<2% in our markets).
SMEs are a fundamental part of the global economy, driving growth, emplayoment and innovation.
Total addressable market for SME lending in the UK
Total addressable market for SME lending in the US
Business partners Anna and Felix opened their first cake shop and cafe in 2015. A Funding Circle loan is now helping them take their business up a tier.
Anna Tyler started her career as a wedding cake designer, before joining forces with Felix Harkness to open a cake shop and cafe in Bristol in 2015; offering the Clifton community hot drinks, sweet treats, and at the chance to watch wedding cakes being made before their eyes.
After five successful years, and despite the challenges faced by the hospitality industry during the pandemic, they seized the opportunity to pivot the business online in 2020. Launching an online platform, they began offering luxury gifts such as cookies, macarons and cupcakes. They also expanded nationwide.
The pair’s success can be seen in the numbers: turnover is expected to increase from c.£400k in 2020, to a projected £850k in 2023. The duo recently secured a Funding term loan to expand their kitchen, create more jobs and open a new office. 2023 is expected to be history in the baking for ANNA Cake Couture!
2 Data from the Federation for Small Businesses and Small Business Administration.
