Date: 29th January 2013
London, UK, January 29th 2013 – Finpoint (UK) Ltd., the unique online financial matchmaking service that connects SMEs with banks and financial institutions that are ready to lend, today invites the UK’s small and medium-sized enterprises to apply for finance. Following its launch in Germany in 2010, to date, Finpoint has delivered loans to companies totalling €155 million. The Finpoint German service has 155 major lenders on board and over 2000 registered SME users.
Finpoint provides an easy-to-use, always-on and totally secure web platform that efficiently connects borrowers with lenders that are ready to do business. The platform enables lenders to review the borrowing requirements of a range of SMEs – all presented within a standardised application format. For borrowers, Finpoint can fast-track a company’s anonymised financing requirements to the lenders and products that will best meet their needs – saving a significant amount of paperwork, time and money. For banks and financial institutions, Finpoint allows lenders to quickly filter, evaluate and select lending opportunities from a range of borrowers – straight from the desktop. There are no costs to lenders, and charges for prospective borrowers are entirely transparent.
Nigel Maine, European Head of Marketing for Finpoint, comments: “This is the service that cash-starved businesses in the UK have been waiting for, and one which is set to bridge the SME financing gap that has existed for far too long.” He adds: “By streamlining the entire lending process, Finpoint is already connecting SMEs with transformative funding for growth in a way that has never been done before. Finpoint delivers an entirely new, pain-free way for businesses to engage with lenders, and we are inviting all SMEs to register their borrowing needs with us and explore the major possibilities that fast-tracked business financing can bring.”
Financial arrangements offered to businesses via the Finpoint platform include factoring/invoice discounting, overdrafts, unsecured loans, loans secured against property, and other secured loans. For more information, please visit http://www.finpoint.co.uk
For media information, please visit: http://www.finpoint.co.uk/press
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Note to editors:
If you would be interested in scheduling a briefing with Finpoint, please contact Nicky Denovan at nicky[at]evokedset[dot]com.
nicky[at] evokedset [dot] com
About Finpoint (UK) Ltd: (http://www.finpoint.co.uk)
Finpoint is a unique online financial matchmaking service that efficiently connects SMEs with banks and financial institutions that are ready to lend.
The Finpoint platform was developed to address the growing need to connect SMEs seeking to borrow with institutional lenders in a challenging market. Launched in Germany in 2010, to date loans totalling €155 million have been arranged, with over 2000 corporate users and 155 lenders registered.
The Finpoint platform harnesses the security, speed and simplicity of the web to streamline the lending process for both corporate borrowers and lenders – connecting businesses with transformative funding for growth, and helping banks to assess and access new lending opportunities.
Following its success in Germany, the Finpoint platform is now available to business borrowers and lenders in the UK, and will roll out to customers across Europe.