Fleximize, an alternative provider of finance to small and medium-sized enterprises (SMEs), has been crowned 'Best Business Finance Provider' at the British Bank Awards 2018.
The alternative lender has been recognized for its attention to customer service quality and SME-focused initiatives.
The 'Best Business Finance Provider' award shines a light on the banks and alternative lenders who have best addressed the needs of small businesses and entrepreneurs.
Known for putting customers at the heart of the industry, the British Bank Awards establishes the best products, innovations and most trusted financial brands, decided by the customers themselves.
Peter Tuvey, co-founder and managing director of Fleximize, said: “We’ve had a fantastic start to 2018, and winning this award is testament to the hard work of the whole team. Our customers are the backbone of our success, and this award, voted for by them, has given us a huge amount of confidence for the future.”
Fleximize recently closed a funding facility of £16.3 million from Hadrian’s Wall Secured Investments and has lent over £65 million to SMEs in the UK since launching in 2014, with half of this lent in 2017. In the past year, the company has rolled out its secured product and substantially increased its lending capacity, as it looks to take its lending to SMEs past £100 million this year.
The British Bank Awards took place on 1st March 2018 at the Grand Connaught Rooms, London.
- Ends -
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.