Our Q3 Lending Metrics: Performance and insights

Lent to businesses across 38 cities in the UK with increased proportion of customer demand coming from Scotland and Northern Ireland.

Paid suppliers in 170 cities across 18 countries: 🇬🇧 🇨🇭🇮🇳 🇺🇸 🇪🇸 🇩🇪 🇨🇳 🇵🇹 🇱🇰 🇲🇹 🇰🇷 🇧🇪 🇲🇾 🇸🇪 🇮🇪 🇳🇱 🇱🇹 🇮🇹

Average invoice size has increased by 5.14% QoQ as we see larger raw materials and machinery transactions being financed.

Average facility size has increased to £202k as we continue to work with much larger companies in sectors that are increasingly underserved by the larger banks.

Pleased to have provided an 99,840 days of extra cashflow across our customer base by deferring payments to their suppliers.

We financed a number of environmental initiatives 🌿 including: Biogas and solar renewable energy solutions, machinery for clean air projects and vehicles for waste management firms.

Our facility was used to finance items ranging from case costs for law firms, copper shipment, recruitment costs for a team expansion, construction staff payroll, fabric for apparel and 10 tonnes of cocoa beans!

Focus is on the Bank of England MPC meeting in November to see if further interest rate cuts can play a part in bringing down the cost of funding and help unlock additional growth opportunities for UK SMEs.