Press Release
Date Issued Wednesday 29th April 2015
Innovative link up boosts funding for UK Businesses.
UK businesses keen to grow and expand are set to benefit from an innovative linkup between
leading P2B crowdlending platform FundingKnight and alternative finance provider Just Cash Flow
PLC. The companies have entered into a relationship that is intended to raise a minimum of £4m
from retail investors through a series of loans.
Just Cashflow provides businesses with an alternative to a traditional bank overdraft and in its
first year has built a loan book of over £6m. Expert and experienced underwriting has delivered a
high quality loan book with zero capital losses. The arrangement will leverage this underwriting
experience and effectively expand the range of businesses that can be supported through the
FundingKnight lending platform.
FundingKnight currently offers term loans to businesses with a minimum two year trading record
and two other products – property bridging and renewable energy, which allow other businesses
to tap into its sources of funding. The new arrangement with Just Cashflow is consistent with
FundingKnight’s promise to support small and medium companies who typically struggle to secure
finance through traditional lenders.
Under the new arrangement, the funding generated by FundingKnight will provide finance
facilities to growing UK businesses that have already been approved by Just Cashflow. Typically,
these companies might be too young to qualify for the a FundingKnight loan but meet Just
Cashflow’s underwriting criteria that places additional emphasis on experience, business planning
and Directors’ personal and financial involvement. Just Cashflow will then use this new capital to
support more UK businesses.
Just Cashflow Director, John Davies, says, “This is excellent news for UK businesses as our experience
shows that as they grow they need access to finance and need to establish a record of successfully
borrowing and making repayments. This arrangement will effectively increase the early funding
available to businesses and importantly help them establish a good credit record which will be
invaluable in the future.
Funding Knight’s Chief Executive, Graeme Marshall says, “This relationship represents a fantastic
way for FundingKnight lending community to continue to support a wide range of UK SME’s by
plugging into Just Cashflow’s experience, underwriting and growth aspirations. This provides a
complementary investment opportunity to the wide range of other FundingKnight loans, and
enables more UK businesses to benefit from the alternative finance space.”
In Partnership
Patron member
justcashflow.com
justcashflowuk
Just Cash Flow PLC is registered at 1 Charterhouse Mews, Farringdon, London EC1M 6BB under Company number 08508165
Notes to Editors
About Just Cash Flow PLC
About FundingKnight
Just Cash Flow PLC is a responsible specialist lender to UK
Businesses offering flexible funding solutions to to help
them manage their cash flow. It provides an alternative
to a bank overdraft or business loan. Businesses can
borrow between £10,000 to £500,000.
Hampshire-based FundingKnight is one of Britain’s
leading peer-to-business lending platforms: it matches
multiple investors that want to lend with businesses that
want to borrow across an online platform, securing a
better deal for both.
Just Cashflow is a wholly owned subsidiary of Just Loans
Group PLC, based in London, and listed on the GXG
Market.
FundingKnight’s crowdlending service brings together
communities of borrowers and lenders to create fair
finance, fair investment returns and equal opportunities
for all. Technology is used to enable ease of use, speed
of response and reduced costs, but it remains above all
a people business; decisions are made and relationships
are managed by people, not by machines.
Launched in March 2014 the business already has built
a loan book of over £6m with skilled and experienced
underwriting leading to zero capital loses to date.
Additional Facts:
Commended Business Moneyfacts 2015 Awards in
Product Innovation of the Year category.
Patron of NACFB.
Supporter of the GrowthAccelerator
(Business Growth Service) programme.
Supporting job creation and growth in the economy,
FundingKnight prides itself on its sense of trust, service
and fair play.
Key facts - FundingKnight:
Over £14m of lending to date
Over 2,600 registered lenders
Loans completed: 153
Average rate at which our auctions have closed: 10.56%*
Average loan size: £83,457
Average length of loan: 40 months
The loans span a range of industries including retail,
professional services, advertising, telecoms, advertising,
technology, finance health care, entertainment &
engineering
Completed over 11,000 transactions on the Loan
Exchange (which allows people to sell or buy parts
of existing loans thereby providing liquidity for their
investments)
*This is the average gross interest rate (before defaults and
tax) of all new loans listed on our platform in the three month
period ended on 31st March, 2015, assuming that an equal
amount had been invested in each loan
For further information please contact:
Martin Rutland Head of Public Relations
Graeme Marshall Chief Executive
Just Cash Flow PLC
1 Charterhouse Mews,
London EC1M 6BB
Funding Knight
International House,
Southampton International Business Park,
George Curl Way, Southampton, SO18 2RZ
Telephone
Mobile
Mail
020 3199 6379
07768 882525
pr@justcashflow.com
justcashflow.com
Telephone
Mail
07798 936048
graeme@fundingknight.com
fundingknight.com
justcashflow.com
justcashflowuk
Just Cash Flow PLC is registered at 1 Charterhouse Mews, Farringdon, London EC1M 6BB under Company number 08508165