financing exchange has reported a 70% increase in the number of
registered users in 2007, bringing total users to 3,220 since it
began services in January 2006.
During the year, it also saw a 23 per cent increase in
the value of finance requests made through its website. These
requests represent the value of equipment for which users
require funding.
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A finance request takes place when users demand a quote for
financing options available on the Smartfundit database. It does
not however indicate the value of succesful transactions–the main
source of Smartfundit’s revenue.
In 2007, the increase in equipment financing requests was
valued at up to £230m, Smartfundit said.
The growth in Smartfundit user numbers suggests an increased
interest by companies to seek out IT financing directly through the
internet.
Smartfundit says such on-demand financing made through its site
was growing at six times the 8 per cent compounded annual growth
rate in the IT financing market estimated by IDC.
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