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The partnership with Fasanara Capital will also enable Multifi to expand its network of introducers and lenders, increasing its borrowing capacity and providing UK businesses with greater access to finance.
Matt Kus, Head of Origination for Developed Markets at Fasanara Capital, said the company was impressed with Multifi’s risk control framework and financing structure, and believed the partnership would provide valuable insights into real-world scenarios and customer feedback.
Multifi’s Journey and the Capital Injection
Multifi, a UK-based tech startup that focuses on SME lending, has recently secured a capital injection of £10 million to provide financial solutions to small and medium-sized businesses (SMBs) in the United Kingdom. This funding aims to alleviate cashflow challenges faced by SMBs, who represent 99% of the UK economy. These issues are seen as the primary obstacle to growth for SMBs, and Multifi aims to address this by providing simplified access to credit.
The funding comes from Fasanara Capital, a London-based asset manager and technology platform with assets totalling $4 billion. Fasanara Capital is a strategic partner that has been working with Multifi to provide financial solutions to SMBs. The partnership is expected to help Multifi achieve its goal of revolutionising business finance for SMBs in the UK.
The Role of Fasanara Capital and Other Partners
Fasanara Capital’s investment is a major milestone for Multifi. The senior leadership team at Multifi, led by CEO Mark Blandford, is excited about the funding and the opportunities it presents. The partnership with Fasanara Capital is expected to help Multifi grow and expand its reach in the UK’s SME lending market.
The head of origination for developed markets at Fasanara Capital, who led the investment, is also excited about the partnership. He believes that Multifi’s innovative approach to SME lending will help businesses in the UK overcome the challenges they face and grow.
In addition to Fasanara Capital, Multifi has also received support from other partners. These partners include other investors who are interested in the company’s mission to revolutionise business finance for SMBs in the UK.
Overall, the capital injection of £10 million is a significant milestone for Multifi. It is expected to help the company achieve its goal of providing simplified access to credit for SMBs in the UK. The partnership with Fasanara Capital and other partners is also expected to help Multifi grow and expand its reach in the UK’s SME lending market.
Impact on the SMB Ecosystem and the UK Economy
multifi’s recent capital injection of £10 million will have a significant impact on the SMB ecosystem and the UK economy. With this funding, multifi will be able to provide financial solutions to small and medium-sized businesses (SMBs) in the United Kingdom. This will help alleviate cashflow challenges faced by SMBs, who represent 99% of the UK economy.
The new financing model introduced by multifi is user-friendly and straightforward. It offers a credit facility of up to £200,000 with a fixed monthly access fee of 0.3% and an interest rate of 1.5% per month. This flexible facility will allow SMBs to access working capital finance quickly and easily.
The New Financing Model and Its Benefits
The new financing model introduced by multifi is designed to be accessible to UK SMBs. It offers a simple and straightforward platform that allows businesses to apply for credit facilities quickly and easily. The platform also allows for flexible repayment options, which can help businesses manage their cashflow more effectively.
The benefits of this financing model are numerous. It provides SMBs with access to finance that they may not have been able to access previously. It also allows for faster origination and funding partnerships with a network of introducers and lenders. This means that SMBs can get the working capital they need quickly and easily.
The fixed monthly access fee and interest rate make it easier for SMBs to plan their payments and manage their cashflow. This will help to reduce cashflow challenges for SMBs and enable them to focus on growing their businesses.
Overall, multifi’s capital injection of £10 million will have a positive impact on the SMB ecosystem and the UK economy. It will provide UK SMBs with access to finance that they may not have been able to access previously. This will help to support the growth of UK businesses and enable them to contribute to the UK economy.
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