Business Finance Market
A guide to different types of loans for investment properties.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | £1.3m | Seed | |
| Total Funding | 000k | ||
Established in 2020 and headquartered in Durham, United Kingdom, Business Finance Market (BFM) is a fintech company operating within the SME lending sector. The company was founded by a team of senior banking specialists and business experts who identified critical inefficiencies in the UK's SME lending market from both the borrower and lender perspectives. Official records show the company was incorporated on June 5, 2019, with Mr. Craig Alistair Peterson and Mr. Norman Peterson listed as active directors.
Business Finance Market is developing a data-centric fintech platform designed to streamline and stimulate the lending process for Small and Medium-sized Enterprises (SMEs). The core of its business is to act as a financial intermediary, matching SMEs seeking finance with appropriate lenders. The platform aims to provide a re-engineered customer journey, allowing SMEs to receive faster financing decisions. For lenders and intermediaries, BFM offers a tool to manage the end-to-end application process, potentially improving deal flow and accelerating credit decisions. The company's operations encompass business and domestic software development, web portals, and activities auxiliary to financial intermediation.
The firm has demonstrated early traction in securing capital to fuel its growth. It has successfully raised a total of $2.06 million over two seed funding rounds. The initial round in June 2021 brought in $311K, followed by a more substantial seed round of $1.75 million on February 1, 2022, led by institutional investor GCV (Growth Capital Ventures). This places BFM in a competitive landscape alongside other financial service providers such as Funding Circle and ThinCats.
Keywords: SME lending, fintech platform, financial intermediary, business finance, startup funding, venture capital, debt financing, UK business loans, Growth Capital Ventures, SME finance solutions, software development, web portals, credit decisioning, loan application management, financial services, Durham UK, Craig Alistair Peterson, Norman Peterson, seed funding, alternative lending