Tagged: funding options

February 9, 2023 @ 12:55 am By JD Alois  |  

Tide, a neobank serving business customers, has closed on the acquisition of Funding Options, a UK marketplace for business finance, following FCA approval. The purchase was previously announced in November 2022. Tide is authorized by the FCA under the Electronic Money Regulations and offers bank… Read More

March 11, 2022 @ 12:28 pm By Omar Faridi  |  

Funding Options, a UK firm helping business owners get the right finance in place, so they can “trade, plan and grow with confidence,” has been focused on expanding its range of financial services. Calling all Accountants and Advisory Professionals – Funding Cloud: Connect has officially… Read More

May 19, 2020 @ 10:27 am By Samantha Hurst  |  

  Wirex, a UK-based payments platform, announced on Tuesday it is diversifying its funding options by allowing customers in Russia to fund their accounts by allowing top-ups using domestic bank cards. According to Wirex, users may now link their bank-issued credit or debit card to… Read More

February 4, 2019 @ 7:35 am By JD Alois  |  

Online business finance marketplace Funding Options has launched in the Netherlands. The expansion by Funding Options is being done in partnership with ING Bank and is the company’s first foray outside the United Kingdom. Funding Options will now service the Netherlands’ 1.8 million SMEs gain access to finance alternatives…. Read More

November 27, 2018 @ 7:21 am By Erin Hobey  |  

Business finance marketplace Funding Options will soon be part of Starling Bank’s in-app marketplace for small businesses. Funding Options helps small businesses source alternative funding options from as little as £1,000 up to £10 million. “We are excited that through this partnership we will be able to offer small businesses the efficiency, flexibility, support and security to help… Read More

September 21, 2018 @ 11:21 am By JD Alois  |  

Funding Options, a UK Fintech that provides a “supermarket” of financing options for SMEs, has received a £5 million investment from ING Ventures – the VC arm of the global bank. The additional capital is expected to be used for Funding Options to expand its… Read More

September 4, 2018 @ 7:54 am By JD Alois  |  

As in most parts of the world, smaller businesses drive the bulk of job growth in the UK. Over 99% of all UK businesses are SMEs employing 0-249 people and 96% (approximately 5.5 million) are micro-businesses employing up to 9 people, accounting for 33% of… Read More

March 31, 2018 @ 3:05 pm By Samantha Hurst  |  

UK-based challenger bank TSB announced this week it is preparing to launch a new lending marketplace with a mission help small businesses across the UK get the funding their need to continue growth. The bank is partnering with Funding Options to launch the marketplace this… Read More

December 13, 2017 @ 7:59 am By JD Alois  |  

Nesta, a global innovation foundation, has announced the ten Fintech firms that have won Stage 1 of the Open Up Challenge. The Challenge is in recognition of the launch of Open Banking in January 2018. Chris Gorst, Challenge Prize Lead at Nesta, congratulated all of… Read More

November 1, 2017 @ 2:56 pm By Samantha Hurst  |  

Funding Options, a UK-based online marketplace for business finance, announced on Wednesday it is supporting Federal Conduct Authority (FCA) plans to allow more SMEs access to the Financial Ombudsman Service (FOS). Established by Parliament, FOS describes itself as the UK’s official expert in resolving complaints between financial businesses and… Read More

November 1, 2017 @ 9:49 am By JD Alois  |  

A year ago today, the UK government launched a program that required banks to forward referrals of businesses that had been denied a loan. Nine of the UKs largest banks were compelled to share the info with Funding XChange, Business Finance Compared and Funding Options…. Read More

November 1, 2016 @ 9:13 am By JD Alois  |  

As expected, the HM Treasury has announced that big banks must now pass on the details of SMEs rejected for loans to three finance platforms: Funding Xchange, Funding Options and Business Finance Compared. These three platforms will then disseminate the information to alternative finance providers… Read More

March 29, 2016 @ 8:32 am By JD Alois  |  

Following a year of change where senior management was replaced and Andy Whelan was appointed CEO of the company, GLI Finance (LSE:GLIF) has published annual results as it seeks to “materially strengthen the long term cash generation potential for GLI Finance”. Patrick Firth, Chairman of GLI… Read More

March 18, 2016 @ 8:18 pm By Louise Beaumont  |  

  The global alternative finance industry has undergone staggering growth in recent years. In 2015 combined market activity in the UK grew 84% from £1.74bn the year before to £3.2bn. Around 20,000 SMEs raised approximately £2.2bn in funding through online channels, representing a year-on-year growth… Read More

March 16, 2016 @ 10:18 pm By JD Alois  |  

Funding Options, a one-stop shop for SME finance, has been recommended for designation for the Bank Referral Scheme. Funding Options is a portfolio company of GLI Finance, an AIM listed company that controls multiple alternative finance platforms. In the Budget revealed earlier today, the Chancellor… Read More

January 5, 2016 @ 3:55 pm By Conrad Ford  |  

  It’s long been known that small businesses are one of the cornerstones of a healthy economy, and in the UK, SMEs account for a staggering 99.8% of incorporated companies. Without getting into a discussion on that classification (if 99.8% are small- and medium-sized, what… Read More

November 26, 2015 @ 8:43 am By Conrad Ford  |  

Overdrafts have been small businesses’ go-to source of working capital for years now — a dependable way to cover short-term cash flow issues and ride out periods of instability. But since 2011, the banks have reduced or removed business overdrafts at a rate of £5… Read More

July 29, 2015 @ 6:39 am By JD Alois  |  

Funding Options and Finpoint, both GLI Finance portfolio companies, have been shortlisted for the British Business Bank referral program.  Established under the Small Business Enterprise and Employment Act, the program requires traditional banks to refer any SME whose loan has been rejected to an alternative… Read More

May 5, 2015 @ 7:45 am By JD Alois  |  

GLI Finance has added another name to its roster of companies that it owns or has a significant stake.  GLI has invested £1.25 million in SME credit broker Funding Options for 28.9% ownership in ordinary equity plus  £0.75 million in preferred shares.  Geoff Miller, GLI… Read More