HW Fisher, the top 30 accountancy firm, announces today its partnership with Funding Xchange, the leading small business funding marketplace. As a result of this collaboration, small to medium sized enterprises (SMEs) working with HW Fisher will now have quicker access to a wide range of debt funders on the Funding Xchange marketplace.
The Funding Xchange platform presents business owners with transparent funding choices and provides access to indicative funding offers, including indicative pricing and terms available.
HW Fisher has a long history of working with SMEs in sectors ranging from property through to food and beverage, to entertainment and sports. The partnership will offer HW Fisher’s clients a one-stop shop to access multiple debt funders to help finance the many unique circumstances faced by start-ups. For instance, funding a project, sourcing equipment or providing additional working capital.
The partnership will give clients that use Funding Xchange’s platform the option to access HW Fisher’s expert tax advice. SMEs account for 60% of all private sector jobs in the UK, a total of 16.3 million[1], making their funding a vital lifeline for many jobs.
Funding Xchange will also support current and future clients of HW Fisher looking to secure funding, to make sure they obtain the most competitive funding choices through the platform.
Commenting on the partnership, Gary Miller, Partner at HW Fisher, said: “We know first-hand from our small businesses clients that they often face very challenging circumstances to secure funding. Platforms such as Funding Xchange have gone a long way in supporting them, offering a wide range of options that allows them to get to the next stage of development. Ultimately, having access to the platform will help our clients identify strategies to operate more profitably, grow organically, acquire other businesses, raise fresh capital and prepare for exit.”
Paul Henry, Chief Operating Officer at Funding Xchange added: “We have had a phenomenal year of growth which reflects the growing need for UK businesses to have reliable funding available. We have seen a huge increase in the number of potential sources of business finance in the last few years, with at least 200 lenders now potentially available, offering a wide range of solutions including peer to peer, single invoice finance, revolving credit facilities as well as more traditional term loans and asset finance. We are looking forward to helping clients find the right funding options to support their growth.”
The platform will launch in 2020 with a dedicated HW Fisher team to help manage any queries.
About HW Fisher
HW Fisher & Company is ranked among the top 30 Accountancy firms in the UK. It provides accountancy, audit, tax, business recovery and corporate and financial advisory services to entrepreneurial small and medium sized enterprises (SMEs), charitable organisations, large corporates and high-net worth individuals. Based in central London, it has 28 partners and 300 staff.
About Funding Xchange
Funding Xchange is an intelligent decisioning platform that transforms efficiency in SME lending distribution by holding lenders’ underwriting models and integrating with their decisioning. Funding Xchange accurately mirrors lenders’ decisioning based on their credit policies, affordability models and risk pricing. By using access to live transactional data, including closed group CRA data, Funding Xchange provides accurate, personalised terms for SMEs – and is never more expensive than going direct. By holding decisioning within the Funding Xchange platform, applicants’ personal data is protected, and businesses have full control over the funding process. Through deep integration with lending platforms, businesses can be fully approved for funding within 10 minutes without leaving the Funding Xchange site.
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