Funding Options in Validis partnership for SMEs

Published on

Funding Options, the marketplace for business finance, has partnered with Open Accounting firm, Validis, to improve the lending journey for applicants and speed up access to finance for SMEs.

The partnership is designed to reduce time and expense from the data preparation process effectively making access to external funding much faster for businesses.

Funding Options will also utilise the accurate and structured client data to make more informed lending decisions and improve their risk exposure.

Validis’ extraction technology standardises customer accounting data removing the manual headache of collating management account information during a loan application. Funding Options will combine data from Validis with other data sources, such as Open Banking and bureau data, to provide support for back office functions, helping to automate decision making and identify areas of risk.

Simon Cureton, CEO of Funding Options, said: “Crafting a seamless lending journey for our customers is one of our core values. By working with our strategic partner, Validis, we are committing to building the most efficient platform possible, connecting our clients with the right products and services.

“I’m excited to digitise a crucial part of the lending application process and look forward to helping businesses across the UK together.”

Nik Haidar, UK general manager, Validis, added: “We’re excited to sign this partnership with Funding Options and help improve lending outcomes for UK businesses. Funding Options are racing ahead with their vision to make funding accessible, fair and easy, and that is a journey we are keen to support.

“As financial services become increasingly digital, making sure all aspects of the lending journey are as efficient as possible is a crucial step. Joining the Funding Options lending ecosystem brings together best in class technology that will help businesses get access to the finance they need to scale their efforts.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...