As part of last week's Budget, the Government announced a review of the Mandatory Bank Referral programme. FXE has been an advocate for addressing the underlying issues that are holding back businesses from accessing finance. We are looking forward to the review setting out why so many businesses are unable to successfully access finance through the programme – and what will truly make a difference to these businesses. Good to see The Sunday Times picking up on this important discussion and quoting Katrin Herrling, CEO of Funding Xchange, on the 94 percent of companies referred through the schemes who “do not have a profile that allows them to successfully access funding as they are too young or have blemished credit records, have not managed their payment obligations, or fallen behind in filing annual accounts.” She said the scheme did not provide feedback to these companies “to help them understand why banks or other lenders are declining their applications.” FXE is working with industry leaders, like the NACFB, designated banks and UK Finance, to support the HMT-led review with data-led insights into the challenges that businesses are experiencing and the help that will enable businesses to build fundable profiles to successfully access financing. Barclays UK NatWest Group Lloyds Banking Group Santander HSBC
About us
We founded Funding Xchange to help business owners navigate the funding space and take control of funding their business – addressing one of the biggest obstacles growing businesses are facing. As owners of small businesses, we have first-hand experience of how difficult it can be to find the right funding for your business – even if there are now hundreds of innovative solutions available. This led us to set up Funding Xchange, the marketplace for business funding. - Simplifies access to business finance through one funding request - Delivers the best available quotes, from the whole of the lending market - Promises to always be transparent and unbiased - Never charges the business for using our services
- Website
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http://www.fundingxchange.co.uk
External link for Funding Xchange
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 2014
Locations
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Primary
Get directions
41 Luke Street
London, England EC2A 4, GB
Employees at Funding Xchange
Updates
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Funding Xchange reposted this
The UK’s $1.1 trillion tech industry has had much of its value created by companies who have been through Tech Nation’s Future Fifty programme, including Starling Bank, Skyscanner, Zoopla (part of Houseful) and Darktrace. That’s why, when Founders Forum Group acquired Tech Nation last year, relaunching the Future Fifty programme was a top priority for us. With this in mind, we relaunched the new-look Future Fifty programme with a touch of FF magic. This includes our first Future Fifty Forum convening scaleup founders leading the biggest, most exciting brands emerging from the UK tech scene. The 50 companies selected for our latest Future Fifty cohorts are leading innovation and disrupting industries from #HealthCare to #SpaceTech. These are truly the UK tech companies to watch, so be sure to download our Future Fifty and learn more about them here: https://lnkd.in/eXa6CnRS #FutureFifty #Scaleups #UK #Tech #WeAreTechNation
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We are delighted to support the NACFB's Commercial Lender Awards 2024. And definitely looking forward to one of the best nights out in November. 🕺 🕺 🕺
🤝 Meet the judges for the NACFB Commercial Lender Awards 2024: 🌟 Alejandro Gonzalez – Motor Finance and Leasing Life 🌟 Aysha Fernandes – UK Finance 🌟 Bob Lefroy – Business Money 🌟 David Raw CBE – UK Finance 🌟 Edward Horn-Smith – Arc & Co. 🌟 Edward Peck – Asset Finance Connect 🌟 Gary Cain – Leonard Curtis 🌟 Harry Madan – BVRLA 🌟 Jessica Bird – The Intermediary 🌟 Katrin Herrling – Funding Xchange 🌟 lee tillcock – Business Moneyfacts Magazine 🌟 Marc Champ – Wharf Financial 🌟 Martin McTague OBE – Federation of Small Businesses (FSB) 🌟 Matt Davies – UK Finance 🌟 Mike Geddes – AFS Compliance 🌟 Nicola Headlam – Independent Economic Adviser 🌟 Trevor Williams – FXGuard Limited / Independent Economic Consultant 🌟 Robin Skuse – Broker World 🌟 Theodora Hadjimichael – Responsible Finance 🌟 Victor Jannels CertPFS CeMAP CPSP – The Bridging & Development Lenders Associations 💫 With over 300 submissions across 20 categories, our independent panel of industry experts, chosen for their specialist knowledge, will evaluate each entry to determine the winning and highly commended submissions 🏆 Look out for the shortlist, which will be announced on Monday 14th October 🤞 Learn more about the judging process here 👉 https://lnkd.in/eYqKnc2p #CommercialLenderAwards #LendingExcellence #NACFBEvents
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We are looking forward to joining the ftt Fintech Festival in November. Hope you can join us!
From Dragons' Den to the Festival Stage: Meet Jayne Sibley🎤 We’re thrilled to announce that Jayne Sibley, CEO & Co-founder of Sibstar will be joining us at the FTT Fintech Festival! 🌟 Jayne captured the spotlight on Dragons' Den, securing £125,000 for her innovative debit card and mobile app designed to support families managing everyday spending for those with dementia. Launched in March 2023, Jayne’s ground-breaking solution is a testament to resilience and innovation in fintech. Catch her on our panel “Fit and Ready for the Future: Founders’ Stories” as she and other trailblazers discuss the major challenges fintech founders face, including economic uncertainty, funding difficulties, and inflation. They’ll also explore key learnings and the broader impact these challenges have on the fintech sector. Panellists include: 🎤 Andy Hirst, RVP, Head of Industries EMEA North, SAP (Moderator) 🎤 Jayne Sibley, CEO & Co-founder, Sibstar 🎤 Katrin Herrling, Founder & CEO, Funding Xchange 🎤 Joel Perlman, Co-founder, OakNorth 🎤 Julian Liniger, CEO, Relai 🇨🇭 Join us on the 11th - 12th November at The Brewery, London for two days of insightful content, valuable connections, and innovative experiences with 2,000+ industry leaders. 🔗 Register today by clicking the link in the comments below 👇 #FTT24 #FTTFintech Victor Cruz | Alexandra Green | Alicia Condon | Lisa Moyle | Anna Kochanova | Anna Smart | Victoria Smart | Milana Vlaović
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We are honoured to announce that FXE has been invited to join the @TechNation #FutureFifty 2024 cohort. We delighted to join prominent scale ups like Starling Bank, Monzo Bank, Skyscanner and ClearScore that have transformed their respective sectors. It stands out that previous #FutureFifty scale ups have had a clear mission and an amazing team that delivered on the mission. FXE has from inception focused on making commercial funding more accessible, more affordable and more sustainable. This mission still drives and inspires us today. But it is our amazing team that delivers on this vision every day, dares to cross unchartered waters and relishes every challenge put our way. #Unchartered #RelishtheChallenge
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A business is only a collection of individuals striving to make a difference. We are incredibly lucky to have a talented group of people who are committed to making a difference every day. FXE is fortunate to regularly welcome talented interns who are still at university and are exploring what the world of business can offer them. Over the years, we have found that internships are a valuable investment: We have seen interns own projects that have a direct impact on what we are delivering to clients. Our teams have loved working collaboratively with interns. Our culture has been enriched by interns. This year, Joseph joined our Analytics team to collaborate with Erikas Kamaitis to explore affordability models in SME lending - contributing to FXE's thought-leadership in the assessment of SME profiles. Joseph recently presented the insights from the project to the entire company before his return to university. Today, fewer internship opportunities are available as mixed and remote working has taken a heavy toll on summer placements. We hope this reminder of how much both sides have to gain may just lead to a couple more places being created...
Mathematics Undergraduate at the University of Oxford | Interested in Finance | Consultancy | Law
And my time at Funding Xchange comes to an end. A huge thank you to Katrin Herrling, Erikas Kamaitis and the entire FXE team. It's been an incredibly rewarding experience and I've learned so much!
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Has the time for reforming Mandatory Bank Referrals come? The prize for getting it right is significant: Tackling the underlying reasons for bank declines - by helping businesses take simple actions to boost their credit profile - has the potential to unlock £3B in additional funding to UK businesses. Katrin Herrling's article in the NACFB Magazine outlines how reform of the Mandatory Bank Referral scheme can contribute to improving access to finance and getting the eco-system to collaborate more effectively. British Business Bank HM Treasury APPG on Fair Business Banking HSBC Barclays Lloyds Banking Group NatWest Group Santander
A second chance for a SME referral system? “Banks are now more, not less, reticent to share feedback or decline reasons, due in part to concerns that doing so will result in costly disputes,” says Katrin Herrling, CEO and co-founder of Funding Xchange. Writing in the summer edition of Commercial Broker, Katrin looks into the underlying reasons for bank declines and how Funding Xchange has adopted a new approach to support SMEs. Read the full broker insight 👉 https://lnkd.in/gXGgMtpa #CommercialBroker #SMEs #FundingXchange
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We are delighted to announce that Foresight Group have completed their follow on investment as part of our Series B round led by Barclays. This latest investment sees Foresight Group having supported our business at each investment round since its initial investment in 2019. We are humbled by the support received from our existing investors which continues to back our mission to transform an industry ripe for the adoption of digital technologies. With special thanks to Izi Petri Gideon Shmuel and Richard Lewis Katrin Herrling Sarah Hollyhead Laura Wathen Ryan Hayward Pietro Sordelli Simon Featherstone Matt Collinge Liam Mayoux-Andrews Adrian McMichael Christian Roelofs Sam Warren Erikas Kamaitis David Marshall https://lnkd.in/eS5Cx7D5
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We are delighted to support The Leasing Foundation's Pride Celebration on July 16th. Please join us for an evening hosted in association with Blossom.
Join us for The Leasing Foundation Equity, Diversity, and Inclusion group's annual Pride Celebration! 📅 Date: Tuesday 16 July 2024 🕔 Time: 5:00pm - 8:30pm 📍 Location: Shoosmiths, 1 Bow Churchyard, London EC4M 9DQ 👗 Dress code: Smart casual This year's topic: ‘Guidance for parents, carers, and leaders supporting LGBTQ+ youth’ Keynote Speaker: Oscar Hoyle (they/them), CEO of Blossom LGBT CIC and a prominent LGBTQIA+ advocate. Panel Discussion: Moderator: Jamie Thomas (he/they), principal software engineer at Alfa Financial Software Panelists: - Oscar Hoyle - Andrew Denton (he/him), CEO at Alfa Financial Software and co-founder/director of the Leasing Foundation - Lewis Banford (he/him), head of broker sales at Liberty Leasing Ltd and trustee of Breakout Youth Tickets: Free! Donations to the Leasing Foundation’s 2024 partner charity Beyond are welcome. 🎟️ Limited spaces available – don’t miss out! 🔗 For more info and to book your ticket now: https://lnkd.in/e8M_zGgM A big thank you to our sponsors: Funding Xchange Shoosmiths Alfa Financial Software Looking forward to celebrating with you! #PrideCelebration #LGBTQ #DiversityAndInclusion #Networking #LeasingFoundation #SupportLGBTQYouth #EventInLondon
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Meet our Managing Director, Sarah Hollyhead, talking about her personal journey and what it means to her to combine raising a young family with growing a business. Working in a FinTech where the majority of executives is female is normal. At least for us. #Normal #Femaleleaders Katrin Herrling Laura Wathen Michelle Carr Lauren K White Kirsten Knight Aamara Khan
I was recently invited to talk about my experience as a senior woman (and mum) working in Fintech. I very much enjoyed talking about my journey, the highs, the challenges along the way and more so hearing hearing the stories of the 11 other incredible women who also took part. Sara Benjamin Jessica Carroll Valentina Drofa Calypso Harland Iba Jaggi Amanda Mocekkub Lucy Mullins Sarah Sinclair Valeria Vahorovska Ele Ward I'm a big advocate of finding ways to help people recognise that the challenges they face are rarely unique and find strength in that understanding. I'd like to thank Fintech specialists Drofa Comms and all the amazing people I've met with over the years that have helped (and continue to help) me with my own realisations and given me the strength to keep going.
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