Fleximize honoured at MoneyFacts Awards 2018
- Credit: Archant
Another award win for alternative business lender Fleximize
Ipswich-based Fleximize, an alternative provider of finance to small and medium-sized enterprises (SMEs), has won the award for Innovation in the SME Finance Sector, with its online rate comparison tool at the Business MoneyFacts Awards 2018.
This marks the second win this month for the alternative lender, following its recent “Best Business Finance Provider” trophy from the prestigious British Bank Awards 2018.
The Business MoneyFacts Awards recognizes the UK’s best financial service providers, innovations, and products.
The winning rate comparison tool was launched back in 2017 to tackle the lack of transparency in the lending sector to ensure that SMEs get the fairest deal on their business finance loans. A year later, by allowing customers to compare quotes from different lenders on the Fleximize site, the lender has broken down all boundaries.
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Peter Tuvey, co-founder and managing director of Fleximize said: “Technology and transparency are at the heart of everything we do at Fleximize. We’re committed to helping small business owners get a fair deal on their funding, and our Rate Comparison Tool is part of this ethos.”.”
Fleximize recently closed a funding facility of £16.3m from Hadrian’s Wall Secured Investments and has lent over £65 million to SMEs in the UK since launching in 2014, with half of this lent in 2017. In the past year, the company has rolled out its secured product and substantially increased its lending capacity, as it looks to take its lending to SMEs past £100 million this year.
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