British business lender Fleximize secures £136 million in financing from Goldman Sachs Asset Management and Citi to expand operations and support UK SMEs.
Facts
- Fleximize has secured £136 million in securitised financing from existing backer Goldman Sachs Asset Management and new lender Citi.
- The funding will be used to redeem existing debt, expand lending operations, and accelerate the company’s growth in the market.
- Fleximize, founded in 2014 and headquartered in Ipswich, Suffolk, offers “flexible finance” to UK SMEs through its proprietary technology and underwriting process.
- They provide a seamless and expedited application process for businesses to access funds quickly and efficiently.
- Peter Tuvey, co-founder and CEO of Fleximize, highlights the significance of this financing for the company’s future growth.
- The funds will help broaden Fleximize’s reach and provide best-in-market finance solutions to businesses across the UK.
- Pankaj Soni, managing director at Goldman Sachs Asset Management, supports Fleximize for offering a flexible and transparent product to an underserved segment of UK SMEs.
