Platform Black smashes £100m mark
By Tom WrightPlatform Black has funded over £100m in invoices for UK SMEs
Platform Black has funded over £100m in invoices for UK SMEs.
The alternative finance provider reached the milestone just three years after its inception, and during that time has helped 185 businesses to raise funds.
John Regan, Director at Platform Black, said: “We’re filling the gap where banks are perhaps unable to help and bringing alternative finance into the mainstream."
“In particular the number of funders on the platform has risen exponentially, directly benefiting SMEs looking to release working capital quickly.
“Our proactive approach to risk enables us to support these UK businesses in freeing up cash flow, with funds often available in a few hours, but importantly, it also reflects our robust and sustainable business model.”
Keywords: platform black, SME, SME funding, alternative finance, short term finance, john regan, medianett, business and commercial, cash flow, borrowing
Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/platform-black-smashes-163-100m-mark