An online platform to help small and medium businesses (SMEs) land the right funding has launched in the UK.
Fundbird uses a short and simple application form to guide SMEs on what type of finance they need to make sure they speak to an appropriate lender.
The platform covers plenty of financial solutions from secured loans and unsecured loans to asset-based finance, invoice finance, peer-to-peer lending and start-up loans. It offers funding solutions from top alternative lenders including Crowdcube, Funding Circle and MarketInvoice. Several more will be added by the end of the year.
Since its soft launch earlier this year, Fundbird has already helped more than 1,000 SMEs to find alternative financing across a variety of sectors.
Sharon Argov, chief executive and co-founder, said: “Small businesses are essential to our economies. Our mission is to bridge the gap between alternative finance providers and SMEs.
“Despite the rise of alternative finance models, extending their options far beyond the banks, the range of choice can be daunting for SMEs which don’t have the time to dedicate to exploring this new landscape. We want to make this new world of finance accessible for everyone.”