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

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...