Velocity Capital Advisors, Modulr launch Juice Ventures

Wednesday 21 July 2021 12:25 CET | News

UK-based EIS/SEIS investment fund Velocity Capital Advisors has partnered with fintech Modulr to launch a new venture debt provider Juice Ventures (Juice). 

Juice’s payments infrastructure will be powered by Modulr to supercharge the UK startup market. With quick access to short-term revenue-based loans hit with delays caused by legacy payments infrastructure, many businesses have struggled to launch throughout the pandemic. The launch of Juice, a uniquely designed funding programme that bases its lending decisions on marketing data instead of revenues, helps promising startups transform and drive forward business growth all without diluting its equity, aims to solve this issue and help startups take off post-Covid. 

Juice has secured approval of its application to operate as an EMD (Electronic Money Directive) Agent of Modulr (Modulr FS Limited) in the UK. Powered by Modulr’s direct access to critical payments infrastructure, such as Faster Payments and Bacs, UK startups can gain access to much needed financial support via Juice, at a much quicker pace.

Juice is able to support ambitious founders with accessible, non-dilutive funding that is flexible and secure to fuel transformative growth. Partnering with Modulr, Juice can provide UK startups with peace of mind that their funds are secure and held under a regulated framework - Modulr holds an Electronic Money Institution (EMI) licence and is authorised and regulated by the FCA.

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Keywords: partnership, fintech, startup, lending
Categories: Banking & Fintech | Payments General
Countries: United Kingdom
This article is part of category

Banking & Fintech