Smartfundit.com has seen demand for financing through its online
platform significantly increase following the launch of a second
version of its platform.
The online business finance marketplace said demand rose to £20
million in March 2009, up from £3.1 million in January.
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The company said the growth was in part due to a new version of
the smartfundit.com platform which “has enabled funders, vendors
and business owners to interact in a more transparent manner” than
with conventional methods of financing.
The volume of transactions through the marketplace also
increased month-on-month, by 43 percent in February and 69 percent
in March.
Commenting on the figures, the company’s CEO Suki Gallagher said
that as many funders were no longer willing to lend at the same
levels as before, businesses looking for funds were turning to
alternative solutions such as smartfundit.com.
“We’re very happy to see that an increasing number of the people
on whom a healthy, functioning economy relies have discovered
smartfundit.com,” she added.
