Equals Group

Equals Group partners with iwoca to launch its first SME loan product

Equals Group has launched its first loan product for SMEs in partnership with iwoca.

The group has created the CardOneMoney Platinum Business Loan, an app-based flexible loan product.

This comes as Equals was granted permission by the FCA to offer credit products via a broker relationship.

It can now offer a wide range of credit and loan products to business and retail products, and it is expected to be a new revenue stream for the business in the future.

Customers can now apply for a loan via the app and receive a decision within minutes.

Ian Strafford-Taylor, CEO at Equals Group (pictured above), said: “Having our first credit-based product live is a key step in the Equals journey.

“With all the various products and services we can offer to businesses, the ability to offer credit was the missing piece of the jigsaw.

“This represents a new and significant revenue opportunity for the group and will be the first of many credit-related products we will launch and enables us to drive forwards in offering a full-service platform for our business customers.”

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