Funding Options Raises £2M

fundingoptionsFunding Options Ltd, a Manchester, UK-based SME credit broker, raised £2m in funding.

GLI Finance invested £1.25m in return for a 28.9% stake in the ordinary equity and £0.75 million of preference shares of the company. In conjunction with the funding, GLI Finance Chief Executive, Geoff Miller, will join Funding Options’ board of directors.

Led by Conrad Ford, Founder and Chief Executive, Funding Options uses proprietary online technology to scan the alternative finance market to find suitable products for SMEs.  It works directly with businesses as well as their advisors.

The company is in the portfolio of The North West Fund for Digital & Creative.

FinSMEs

22/05/2015

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