Funding Xchange Teams Up With Enterprise Nation to Pump Cash into UK Small Biz
In a move that could be the next big thing for “got‑a‑tiny‑business” entrepreneurs, Funding Xchange (the cool fintech that powers MoneySuperMarket’s finance channel) has joined forces with Enterprise Nation, the top‑tier small‑biz support network. Together they’re chasing a slice of the BCR Pool E—a £100 million fund that was created when Metro Bank and Nationwide bounced back £50 million each.
What’s the Big Idea?
Enterprise Nation wants to sprinkle its 200,000‑strong start‑up community with a new lending tool: the Enterprise Nation Finance Portal. Picture a slick online gateway that opens the door to funding—no hidden fees, no endless paperwork, and—best of all—a buddy system of 10,000+ advisers ready to help.
How It Works
- Funding Xchange’s proven digital platform will power the portal.
- Businesses can explore online learning packages, learn how to boost their credit score, and then tumble straight into a loan application.
- All the finance comes from digital and challenger banks, meaning no pesky commission costs.
Why It Matters
Traditional bank managers, who used to sit in front of dusty desks and offer pie‑caked advice, are fading quickly—thanks to staff cuts and digital lenders that are faster at delivering funding. Katrin Herrling, Funding Xchange’s CEO, notes: “The Finance Portal fills the gap left by traditional banks by pairing tools, advisers, and funding solutions all in one place.”
And Emma Jones, Enterprise Nation’s founder & CEO, echoes the sentiment: “Adding the Financial Portal to our platform will make a huge difference for the thousands of businesses that look to us for help. With Funding Xchange’s innovative tech and RBS Remedies’ backing, we can help businesses survive, thrive, and grow.”
What Research Shows
According to emerging data, many small and early‑stage firms need loans or overdrafts to keep their doors open but are shut out by high‑street banks. At the same time, most don’t meet the criteria for government‑backed Bounce Back loans. The partnership aims to give those firms a fresh path, breaking through the deadlock with modern, market‑driven solutions.
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