Camden‑Based 365 Finance Sparks a Boom in Revenue‑Based Funding for UK SMEs
365 Finance, the fintech pioneer headquartered in Camden, is shaking up the market with a jaw‑dropping 87 % jump in online businesses opting for its Rev & U™ revenue‑based finance. This surge cements the company’s role as the go‑to solution for SMEs seeking quick, flexible capital.
Top Growth Sectors in the Past Year
- Online Businesses: +87 %
- Hotels: +55 %
- Medical & Professional Services: +49 %
- Hair & Beauty Salons: +48 %
- Garages & MOT Centres: +47 %
How 365 Finance’s AI‑Powered Underwriting Works
Every SME—no matter the industry—can apply for up to £400,000 through the Rev & U™ product. The secret sauce? A cutting‑edge AI‑driven underwriting system that zips applications through, granting approvals faster than a supermarket lunch break.
What the Numbers Say
- Funding deals completed: +42 % YoY
- Online presence overhaul: Completed in late 2023, boosting user friendliness
- Improved application speed: More businesses get cash in a flash
Executive Insight
Andrew Raphaely, MD of 365 Finance: “Our mission is to give SMEs the most flexible funding that fits their unique rhythms, whether they’re scaling up or smoothing out cash‑flow peaks. The new wave of online businesses craving revenue‑based finance shows that we’re on the right track. As the hospitality sector feels the wind of increased staycation demand—coupled with higher running costs—hotels are also turning to alternative finance.”
Why 2024 Is a Game‑Changer
2024 is poised to be a landmark year for online ventures, with demand for revenue‑based finance rising faster than ever. Meanwhile, hotels are stepping up their game, because people are dreaming of “staycations” and the cost of running a hotel is still ramping up.
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