This company says it has funded more than 20,000 small businesses across Europe since it was established in 2012. Its technology uses data, such as cash-flow forecasts, to assess a business’s risk profile and make credit decisions quickly and accurately. It has raised £190m to date, including £50m in May from NIBC Bank, existing lenders and investors Shawbrook Bank and Pollen Street Capital. Sales, which are made up of interest and fee payments, grew to £25m last year. The company is led by co-founders Christoph Rieche, 38, and James Dear, 37, and aims to finance 100,000 small businesses in the UK over the next five years.
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