See other companies on Otta
Fundingxchange
SME fundraising marketplace
- 21-100 employees
- B2B
- Fundraising
- Lending
- Investing
- Rise London 41 Luke Street London EC2A 4DP
Jump to section
Company mission
To transform customer engagement and insight throughout SME lending.
Otta's take
Sam Franklin
CEO of Otta
Accessing funding is vital for the growth of businesses of any size, but finding the right lender can be a time-consuming process. Access to lenders is often limited and the funding options that they provide follow a "one size fits all" approach, leading available options to be unaffordable and inaccessible to SMEs.
Fundingxchange provides an SME fundraising marketplace, allowing small businesses to access lending options from over 70 providers. The marketplace leverages the business data of every applicant to provide personalised quotes within three minutes and facilitate payment within 24 hours, whilst maintaining a high level of transparency in regard to lending terms, fees, and interest.
Whilst there is no denying that many lending services are currently saturating the market, Fundingxchange has recognised that traditional and uniform lending terms greatly limit the access to funding that SMEs have. Through its personalised approach and promise of rapid turnaround, the company aims to help democratise access to funding and ensure that every applicant has complete control and visibility over the funding they will receive.
Benefits
- Flexible / hybrid working
- Virtual GP, employee assistance and wellbeing support
- 25 days annual leave plus UK Bank Holidays
- Life Assurance – 4 x base salary should the worst happen
- Recruitment referral scheme
- Autoenrollment in a pension scheme with contributions from Funding Xchange
Company values
- Transparency: Multiple lenders compete to fund your business and all offers that you receive show the full cost - no additional fees
- Trust: Funding Xchange is FCA regulated and trusted by over 10,000 companies that have found funding through us
- Innovation: Funding Xchange has a continuous program of innovation in its digitised commercial lending solutions
- Collective Intelligence: Funding Xchange works with over 70 lenders which gives us an unparalleled front-row seat in commercial lending
Funding (last 2 of 4 rounds)
Sep 2020
$10m
SERIES A
Aug 2020
$6.3m
GRANT
$28.1m
Total funding
Founders
Katrin Herrling
(CEO)Experience as Senior Director of Strategic Planning and Head of Regional Marketing for American Express from 2005 to 2007. Manager and Principal of Bain & Company from 2007 to 2014.