6 years ago

Funding Xchange Raises €9.3 Million for Digital Decisioning Platform Expansion

  • Funding Xchange, a UK-based fintech, raises €9.3 million to accelerate growth, with plans to expand its digital decisioning platform.

      • ProblemFinancial Services

      "Banks and SME lenders are struggling to keep up with the changing market dynamics, driven by new lenders and solutions, availability of new data, and increasing regulatory scrutiny. They are also facing challenges in providing instant, personalized quotes to customers and reducing their own costs to serve customers."

      Solution

      "Funding Xchange has built a digital decisioning platform that enables partners like MoneySuperMarket, Monzo, and Experian to offer their customers instant access to personalized transparent quotes for business funding. The platform transforms efficiency in SME lending by holding lenders’ underwriting models and providing access to personalized funding quotes in less than four minutes. The company also offers a white label ‘lending in a box solution’ that digitizes key steps in the underwriting process so that banks and lenders can instantly and cost effectively serve business customers."

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