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B2B fintechs like Funding Xchange diversify their funding strategies

B2B fintechs like Funding Xchange diversify their funding strategies

In the UK, Funding Xchange secured $10.3 million as it prepares to launch its lending-in-a-box offering, according to Asset Finance International. The venture capital funding round was led by Downing Ventures and Gresham House ventures, which will fuel Funding Xchange’s deployment of its white label lending offering for other service providers looking to extend small business lending to their own clients. Funding Xchange focuses on integration with payment and accounting platforms, and said it will also continue to connect with a broader array of data sources to bolster small to medium sized businesses (SMEs) loan underwriting for its partners, which includes banks and other lenders.

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This article was published in PYMNTS 22nd November 2019