Major banks add crowdfunder to alternative lender panel

Seedrs has been invited to join NatWest and Royal Bank of Scotland's (RBS) select panel of alternative funding solutions.

The crowdfunder has become an equity funding partner in the banks’ Capital Connections programme.

The panel allows NatWest and RBS relationship managers to offer UK business and commercial customers an alternative solution if their standard finance offerings aren’t suitable.

Customers of both banks are able to contact funders on the panel directly and there is no commission to be paid for referrals made by relationship managers to ensure transparency and to eliminate any conflict of interest.

“Our partnership with RBS and NatWest provides us with a great opportunity to facilitate investment into more ambitious early-stage businesses,” said Jeff Lynn, CEO and co-founder at Seedrs.

“As the most active equity investor in UK private companies, Seedrs has already funded over 500 investment rounds for fast-growth SMEs, with more than £210m invested into campaigns on our platform to date.”

Alison Rose, CEO of commercial and private banking at RBS, added that it was pleased to welcome Seedrs to the panel.

“Sometimes traditional funding routes are not always the best option for hyper-growth start-ups.

“As the biggest supporter of commercial business in Scotland, we are committed to improving the support we can offer, and this is why we have teamed up with a range of alternatives through Capital Connections.

“The scheme is instrumental in offering funding solutions to the many innovative businesses we are seeing coming out of the UK right now.”

Jeff added: “Through the partnership we look forward to working with many more entrepreneurs with exciting growth-focused businesses across the UK, to deliver the funding they need from seed to Series A and beyond.

“It’s encouraging to see a high street bank embracing fintech and recognising the importance of alternative finance for funding the UK’s start-up ecosystem.”

Other alternative finance lenders on the Capital Connections panel include Together, Assetz Capital, Funding Circle and iwoca.

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