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NIBC supports Scottish Fintech LendingCrowd

Corporate News -

Together with Scottish Investment Bank, NIBC made funding available for the Scottish Fintech lending platform LendingCrowd. The funding will be made available as business loans to small and medium businesses across Scotland and the rest of Britain. LendingCrowd fulfils the increasing demand for small business finance via its leading edge proprietary online platform, which provides SMEs with a decision in the same day and access to the funds within 10 days.

Stuart Lunn, founder and CEO of LendingCrowd, commented: “There are many small businesses crying out for finance and the funding from Scottish Investment Bank and NIBC, coupled with our strong retail investor base, will allow LendingCrowd to help even more companies fulfil their ambitions.”

Nils Schaffner, Head of FinTech and Structured Finance UK, NIBC Bank, added: “NIBC has partnered with Fintech companies across our core geographies, including Iwoca, Ebury, and OakNorth in the UK, and we are delighted to support LendingCrowd in their growth ambition. We look forward to working together and seeing LendingCrowd continuing to make a real difference for SMEs seeking funding to realise their goals.”

 

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