Fleximize, an alternative provider of finance to small and medium-sized enterprises (SMEs), is celebrating a record-breaking quarter, with its lending to small businesses jumping 33% from Q2.
Since launching three years ago, Fleximize has lent £60 million to British SMEs off its own balance sheet. And, following a record-breaking Q3, the company is well on track to hit its goal of lending more than £100 million to SMEs by the close of 2019.
Fleximize supports UK small businesses with a range of alternative funding options that are tailored to the unique needs of every business. Following its most recent funding round in April 2017 (£16.3m), the company has further enhanced its product offering and member benefits, while significantly boosting its lending capacity.
Peter Tuvey, co-founder and managing director of Fleximize, said: “Our consistent growth has proven that SMEs need alternative lenders like us to help make their businesses a success. We’ve become an integral cog in our customers’ success stories, and that’s something special. Our customers are representative of the hands-on, hard-working and dedicated entrepreneurs that are driving the UK economy forward.”
Tuvey continued: “This has been a very exciting year for Fleximize, and we can’t wait to see what 2018 brings. We look forward to continuing to support British businesses in the face of Brexit, and beyond.”
Notes to Editors
For all media enquiries, please contact Fleximize@pha-media.com or call 020 7025 1350.
Fleximize is a UK-based business lender and web platform launched in January 2014. Our mission is to help small and medium-sized British businesses grow by providing them with flexible financing solutions tailored to their unique needs and preferences. We are striving to provide our clients with the experience and service traditionally available only to larger corporates. Our dedicated relationship managers will guide and support clients from the moment they apply – no bouncing from person to person, or waiting for hours on hold.
Fleximize’s innovative Revenue Advance provides clients with flexible funding that they repay at the pace of their business. There are no fixed interest or capital repayments every month. Instead, they pay a percentage of their revenue until an agreed amount is repaid. Clients can use the money to purchase inventory, upgrade their premises or website, hire more staff, and otherwise improve and grow their businesses without worrying that a temporary slowdown in sales could put them in financial trouble.