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Multifi Raises £10m in Loan Capital to Expand Credit Services for SMEs

Multifi, a London-based fintech that specializes in providing credit services to small and medium-sized enterprises (SMEs), has announced that it has raised ┬ú10m in loan capital. This fresh funding will help in expanding Multifi’s credit facility offerings for small businesses in the UK.

Multifi offers SME loans of up to ┬ú200,000, aiming to simplify the complex process of business finance. The company’s CEO, Rob Keown-Boyd, emphasized the need to revolutionize the lending process by making access to finance more straightforward for enterprises in need of funding. Multifi’s platform enables businesses to instantly determine their borrowing capacity, providing a hassle-free experience. The infusion of the initial ┬ú10m will further support the growth of SMEs across the UK, as Multifi remains dedicated to removing the complexities associated with finance.

The funding for Multifi came from Fasanara Capital, a London-based asset management company. Fasanara Capital has been actively investing in the UK SME ecosystem and recently injected ┬ú11m into Untangled Finance. Matt Kus, the head of origination for developed markets at Fasanara, expressed the company’s commitment to supporting SMEs by partnering with lenders like Multifi. Fasanara appreciates Multifi’s risk control framework, which leverages technology to provide working capital finance to SMEs through flexible facilities that can be quickly disbursed.

This news comes in the wake of Fasanara Capital’s successful securing of ┬ú169m from a Canadian pension group for its fintech investment fund in November of last year, further highlighting their dedication to investing in innovative financial technology companies.

How AI legalese decoder Can Help

In this complex financial landscape, the AI legalese decoder can play a crucial role in simplifying legal jargon and making it easier for businesses to understand their borrowing terms and conditions. By utilizing advanced natural language processing algorithms, the AI legalese decoder can analyze loan agreements and financial documents, translating them into plain and comprehensible language. This can save businesses valuable time and effort in deciphering complex legal terminology, ensuring transparency and informed decision-making.

Furthermore, the AI legalese decoder can also assist SMEs in assessing their borrowing capacity. By analyzing a company’s financial data, the AI legalese decoder can provide instant insights into the maximum loan amount that can be availed, helping businesses to make informed borrowing decisions quickly and efficiently.

In summary, the AI legalese decoder can simplify the access to finance for SMEs by demystifying complex legal language, providing clarity, and empowering businesses to navigate the lending process with confidence.

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