Funding File partners with Prydis

Sourcing and deal management portal Funding File has formed a joint venture with multi-disciplinary professional services firm Prydis.

The Funding File platform offers its 200 broker members direct access to over 150 bridging, commercial, development and refurbishment finance products, which are updated directly by lenders.

Using its case management system, intermediaries can contact lenders directly or submit and manage cases through the application.

As part of the new partnership, Prydis will use its expertise of developing tech platforms for the financial and property services sectors to further improve Funding File’s portal. 

The firm will offer Funding File a range of advice and support, including business mentoring from senior stakeholders with experience in building and taking platforms to market, as well as ongoing portal development.

It will also provide marketing and business development expertise to support the strategic growth of the platform’s lender and broker client base.

In addition, Prydis will invest an undisclosed amount of funds to further develop Funding File.

Ed Page, founder of Funding File, said: “We look forward to working closely with the Prydis team, as their expertise in both the commercial finance broker industry and the delivery of excellent service though technology offers the Funding File team the opportunity to scale and grow to keep ahead of our members’ needs.” 

The company has just launched new features, including a live shared deal tracker that offers brokers and lenders transparency of deal progression, with more other developments in the pipeline.

Nick Cross, finance director and head of commercial finance broking at Prydis, added: “We are delighted to have formed a joint venture with Ed and the team at Funding File. 

“Having worked as a commercial finance broker for many years, I have been aware of a need for a solution like Funding File. 

“Its focus on providing its members with the tools to swiftly access lender products for clients aligns with our drive for efficiency and service delivery that always puts the client first. 

“We are excited to see what this venture will enable us to offer to the broker market and its clients.”

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