Fintech Lemon says it will work with WiserFunding to improve its SaaS related lending decisions for SMEs. Lemon recently closed a pre-seed funding round of £500,000 to fuel its growth. The funding was led by SFC Capital, alongside Pitchdrive and SyndicateRoom. Angel investors participating included Nick Dodd, former Partner of Debt Advisory at KPMG, and Kimberley Waldron, a co-founder of Fintech communications agency SkyParlour, and super-angel, Paddy MccGuire.
Lemon says it will integrate WiserFunding’s data analytics into its platform, enabling the pre-screening of prospective borrowers. By using the service, decisions are expected to arrive in under 24 hours.
Matt Bird, CEO of Lemon, described the partnership as a significant step forward for his company. It will provide Lemon will provide the data necessary to accomplish their goals of boosting beneits for their clients.
Rory McMahon, Head of Growth at WiserFunding, also described the integration as a boost for Lemon “helping to unlock much-needed financing into SMBs.”
