Dublin, London, October 19th, 2023: Global Invoice Finance provider Accelerated Payments has announced a strategic partnership with UK funding expert Funding Friends to facilitate the accessibility of bespoke working capital solutions for UK SMEs and mid to large corporate businesses.
Having previously worked alongside Accelerated Payments Head of UK, Lee Baty and Sales Director Siobhan Jones in previous banking roles, Funding Friends brings an extensive referral network that Accelerated Payments can leverage, guaranteeing businesses access to essential funds through its innovative invoice finance solutions.
The need for access to working capital in a timely manner has only become more crucial for fast growing SMEs and Corporates as high inflation, soaring interest rates and a cost-of-living crisis create further implications for companies. New Brexit rules are also presenting potential hurdles for businesses who wish to export their products to new markets.
Recent years have been a particularly challenging time for business owners, both large and small – with the number of small businesses alone in the UK shrinking by 6.6% from 5.9 million in 2020 to 5.5 million this year.
Lee Baty, Head of UK at Accelerated Payments, commented: “The Partnership with Funding Friends highlights the broadening of our Referral Partner network, now working with Brokers, Banks, Financial and Debt Advisory Firms with a clear focus on fostering an ecosystem where UK businesses can grow internationally - offering flexible working capital solutions that can be tailored to suit their needs. AP can provide funding lines ranging from €0.5-€10m on a non-recourse basis.’’
Damian McGann, Executive Chair at Funding Friends, said: “We are excited about this partnership as both firms have a solid approach to helping businesses grow globally. We have seen first-hand how the right funding can boost a business. Here at Funding Friends, we collaborate with innovative providers like Accelerated Payments who look beyond the obvious - searching the market for the best funding solutions – and this partnership reinforces that commitment.”
Since inception, Accelerated Payments has provided financing for over 120,000 invoices, amounting to 1.5 billion euros to 450 clients and 1,800 debtors across 45 countries. This support enables businesses from a broad range of sectors to accelerate growth while expanding in international markets.
Georgia Hanias / Ed Doljanin
About Accelerated Payments:
Accelerated Payments provides innovative Invoice Finance solutions tailored to the specific needs of businesses that require working capital to pursue growth opportunities or maintain financial stability while awaiting payment. We are committed to providing a streamlined, cost-effective, easy-access approach to funding without the need for personal guarantees, long term contracts, or complicated fees.
Through our Invoice Finance solutions, SMEs and Corporates can secure working capital within as little as 24 hours of approval. Our funding process is designed for simplicity, using our user-friendly client portal, businesses can effortlessly upload and select invoices for advanced financing - putting them firmly in control of their Accounts Receivables.
Established in 2017 and headquartered in Dublin with offices in London, Toronto, and Florida, Accelerated Payments has funded over 120,000 invoices, totalling 1.5 billion euros to 450 clients, spanning 45 countries. Our global presence and expertise are enabling businesses across various sectors to overcome cash flow hurdles as they expand internationally.
Whether you trade domestically or internationally, our team of experts are here to help your business grow by accelerating the payment of your outstanding invoices, today.
For additional information, please visit our website at www.acceleratedpayments.com.
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Source: Company press release.