Industry-leading digital lender Fleximize has recorded its biggest quarter performance to date, with an 86% increase in funding deployment from 2021. Backed by a recent successful fundraise, Fleximize is now preparing to scale its operations with the release of its 5-year product.
Fleximize’s record-breaking growth in Q1 2022 capitalizes on the company’s unprecedented growth in the UK lending market in the last 12 months. Looking ahead, Fleximize is now positioned to deliver its best-ever deployment across 2022, fuelled by its technological innovation, expanding team, and new financing facility.
Spearheading its acceleration drive, Fleximize has today announced the release of 5-year terms on its Flexiloan secured product. The change forms part of a wider product overhaul to increase the affordability and accessibility of funding as Government-backed schemes come to an end. Additionally, Fleximize has loosened criteria on its unsecured 36-month product to cater to more businesses based on current credit requirements.
The move to longer repayment terms and revised eligibility originated from Fleximize’s commitment to listening to its valued network of brokers and their clients. As a result, the digital lender can ensure the delivery of competitive and desirable finance solutions that underpin SME growth.
Peter Tuvey, Co-Founder and CEO of Fleximize, said: “Since Fleximize began, our team has formed invaluable relationships with its introducer network that enable us to continually improve our products and processes to better help their clients.”
“Reflecting on Fleximize’s 2022 success to date, it’s clear these figures are the direct result of incorporating brokers’ feedback into our decision making, allowing us to fully understand the changing needs of SMEs in the UK. Having recently secured a new funding line, Fleximize is poised to expand its reach and funding to even more businesses.”
These releases are being rolled out exclusively to its preferred broker panel for an initial trial period in April.
More information can be found on our broker portal.