News from the Wire

Capify wins SME lender of the year award

Friday, June 02, 2023 — 12:02:34 (EDT)

Award win recognises innovation and best practice in serving the UK smaller business community

Altrincham, Cheshire, UK, 2 June 2023—Specialist finance provider Capify was last night crowned SME lender of the year at the 2023 Credit Awards.

The awards, which took place at London’s prestigious Grosvenor House and were hosted by television’s Katherine Ryan, recognise innovation and best-practice in the financial services industry.

In a fiercely competitive segment, which included banks, fintechs, asset finance providers, invoice finance companies, and P2P businesses, Capify was recognised as the SME lender of year (up to £1m lend).

Reflecting on last night's win, John Rozenbroek, Capify COO/CFO said “This award is recognition of the amazing work the whole Capify team have undertaken over the past year and our commitment to serving the UK’s vital SME community. For many UK SMEs, access to finance can be a real barrier to growth and we are delighted that our innovative and flexible approach to serving this segment of the economy has been recognised”.

Capify’s Q1 2023 business confidence survey revealed that 55% of SMEs are uncertain in their ability to secure finance from their traditional banking partners. “This is where we step in”, Rozenbroek adds. “As an alternative lender, we pride ourselves on our agile yet responsible approach, enabling us to promptly provide the much-needed funds to this underserved audience. In fact, we can approve and transfer funds to the applicant's account in as little as 24 hours.”

  Launched in 2008, Capify was born out of the desire to offer small businesses an alternative way to quickly access responsible business finance when many firms were struggling to navigate the impact of the global financial crisis. With offices in the UK and Australia and approximately 120 employees, it continues to support smaller businesses with funding to meet the challenges and opportunities of today’s economic climate.

ENDS

About Capify

Capify is an online lender that provides flexible financing solutions to SMEs seeking working capital to sustain or grow their business. Alongside its sister company, Capify Australia, the fintech businesses have been serving their respective markets for 15 years.

For more details about Capify, visit: www.capify.co.uk

Capify Media Contact:

Ian Wood, Marketing Director

iwood@capify.co.uk

0161 393 9536

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.