Fleximize, the alternative provider of finance to small and medium-sized enterprises (SMEs), has won the award for ‘Innovation in the SME Finance Sector’ at the Business Moneyfacts Awards 2018.
The Business Moneyfacts Awards recognizes the UK’s best financial service providers, innovations, and products. It's the largest business finance awards ceremony in the UK and one of the highlights of the industry calendar.
The ‘Innovation in the SME Finance Sector’ award specifically shines a light on Fleximize’s Rate Comparison Tool, a calculator that enables business owners to compare funding quotes where the cost is displayed in different ways.
With some lenders basing their quotes on less conventional rate types, such as factor rate or yield, it can be difficult for business owners to compare them with quotes based on a standard monthly interest rate. Fleximize's rate comparison tool makes this a lot easier, allowing business owners to compare quotes in real-time to ensure they get the best deal for their business.
Peter Tuvey, co-founder and CEO of Fleximize, said: “Technology and transparency are at the heart of everything we do at Fleximize. We’re committed to helping small business owners get a fair deal on their funding, and our Rate Comparison Tool is part of this ethos.”
The Business Moneyfacts Awards took place on 21st March 2018 at the Royal Lancaster Hotel, London.