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Barclays led Funding Xchange’s Series B funding round to boost ecosystem adoption and transparency in SME lending

Apr 11, 2024over 1 year ago

Round Type

series b

LondonLendingFinancial ServicesSoftware

Investors

Barclays

Description

Barclays has led Funding Xchange’s (FXE) Series B funding round, bringing together strategic investors to boost FXE and its ability to drive ecosystem adoption. The fundraising aims to promote transparency, positive customer outcomes, and more efficient lending processes for banks and lenders.

Company Information

Company

Funding Xchange

Location

London, England, United Kingdom

About

We founded Funding Xchange to help business owners navigate the funding space and take control of funding their business – addressing one of the biggest obstacles growing businesses are facing. As owners of small businesses, we have first-hand experience of how difficult it can be to find the right funding for your business – even if there are now hundreds of innovative solutions available. This led us to set up Funding Xchange, the marketplace for business funding. - Simplifies access to business finance through one funding request - Delivers the best available quotes, from the whole of the lending market - Promises to always be transparent and unbiased - Never charges the business for using our services

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers