BCR Update

BCR Pool D Update: Q4 2023

12 Feb 2024

An update on Funding Options Limited's public commitments

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Funding Options Limited public commitments progress update: Funding Options successfully delivered two of its three outstanding public commitments during Q4 2023. As of the end of the period, it onboarded over 1,400 accountant partners by embedding its offering into Tide’s connected ecosystem for SMEs, exceeding its ambition of 1,000 accountants. It also exceeded the number of SMEs using Open Banking by 13% above its target of 50,000. The one outstanding commitment at the end of 2023 is the amount of alternative lending originated. At the end of the year, this stood at 89% of the overall target of £0.5bn and Funding Options expects to achieve this by Q2 2024.

Funding Options
Funding Options

Editorial team

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Disclaimer:

Funding Options helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Funding Options can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. We are also able to make insurance introductions. Funding Options will receive a commission or finder’s fee for effecting such finance and insurance introductions.

*Eligibility criteria apply - see Tide website for full details.

Funding Options Ltd is incorporated and registered in England and Wales with company number 07739337 and registered office at 4th Floor The Featherstone Building, 66 City Road, London, EC1Y 2AL.

© Funding Options Ltd · Authorised and Regulated by the Financial Conduct Authority · Reference Number 727867