Funding Xchange completes USD 10 mln Series A fundraising

Monday 14 September 2020 14:24 CET | News

Funding technology platform Funding Xchange has announced the completion of a USD 10 million Series A funding round with the closure of the second tranche of the financing.

Investors Downing Ventures and Gresham House Ventures, together with Hambledon Capital, completed the over-subscribed funding round at stable valuation despite the wider economic backdrop.

Funding Xchange was founded in 2014 to transform the SME lending market with the core aims of making SME finance more accessible.

Funding Xchange is now “white labelling” and deploying its technology to banks and lenders. The analytics insights at the centre of the Funding Xchange model enable the business to support banks and lenders in the assessment of their product mix and portfolio.

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Keywords: Funding Xchange, financing, SMEs, banks
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: United Kingdom
This article is part of category

Banking & Fintech