Banking Circle expansion into lending sector recognised in Lending Awards
Innovative lending solutions shortlisted in six categories
London, 25th September 2019 – The expansion of Banking Circle’s propositions into the lending sector with a range of innovative and ground-breaking business lending solutions has been recognised in the 2019 Lending Awards. Banking Circle Lending and Banking Circle Instant Settlement have been named amongst the list of finalists in six Lending Award categories.
Banking Circle’s lending solutions have been shortlisted in the following categories:
- Alternative SME Lender of the Year
- Best Commercial Lender
- Best Fintech Lender
- Best Fintech Lender (Short-term)
- Best Invoice Finance Provider
- Best Support for SMEs
The Lending Awards take place during the Credit Strategy Lending Summit in London on 12th November 2019. The only awards programme which distinguishes and rewards individuals and businesses across the spectrum of Alternative Lending, Commercial Finance and Mortgage sectors, the Lending Awards celebrate and recognise excellence across the UK credit market.
Anders la Cour, co-founder and Chief Executive Officer of Banking Circle, commented: “We created Banking Circle to help businesses transact more easily whether locally or internationally. Since launch, we have remained committed to investigating pain points businesses experience in banking and payments, and building solutions to provide affordable and realistic alternatives.
“Banking Circle Lending and Banking Circle Instant Settlement were launched in 2018 in response to research which showed the significant obstacles businesses face when they need additional finance, whether short- or longer-term. It is particularly rewarding, therefore, that these solutions have been shortlisted in no less than six Lending Awards categories. It’s clear there is a market need for these ground-breaking solutions.”
The innovative Banking Circle solutions provide financial institutions with the capability to offer merchant customers a fast, transparent, flexible, low-cost, and easy-to-manage loan solution. Where once smaller businesses were unable to achieve global ambitions due to a lack of necessary funds, Banking Circle Lending is improving financial inclusion by giving financial institutions the ability to offer SMEs fast access to loans with flexible repayment options.
Banking Circle Instant Settlement enables PSPs to offer their merchants instant access to cash, while they wait for payment from customers or marketplaces which often take up to 90 days. Banking Circle Instant Settlement gives Merchants instant access to the cash flow they need to run their business effectively.