[London, UK] Cynergy Business Finance, the specialist bank for business owners, has chosen Dancerace’s asset based lending operating system to power their newly-launched receivables finance products.
UK lender FlexABL have launched their online application service to simplify and accelerate the credit application process for borrowers and introducers, and to help make flexible lending decisions that puts clients in control. The lender is the first to use dancerace’s new ‘f3’ digital onboarding engine.
Dancerace examines the UK receivables finance marketplace to compare different lenders’ onboarding journeys – and shows lenders can get ahead of the pack.
London, July 2021 – Dancerace is pleased to announce our acquisition by Newable Capital, the business growth specialists.
Sydney firm Invigo provide debtor finance services to SMBs across Australia, and implemented our data extraction accounting integration features in 2019 to transform their borrower experience and save time and hassle on everyday processing.
46% of UK invoices are paid late; a major problem for businesses of all sizes and the reason Trade Credit Insurance (TCI) has surged in popularity in recent years.
Compulsory insurance isn’t a new concept. In the UK, drivers have been obliged to take out motor insurance since 1930, while companies require employers liability insurance to cover workplace accidents. Given the massive risks that businesses face in 2020, should trade credit insurance (TCI) also be made mandatory?
Body blow for the sector or a short-term crisis? While working capital experts remain split on the long-term impact of the COVID crisis, there’s one thing we can all agree on: that lenders are under pressure to adapt to the new world, fast.
Across the board, lenders’ and clients’ practices and expectations have been turned upside down by the COVID crisis.
Lenders have faced a fierce battle over the last six months, as COVID-19 put domestic and international marketplaces under immense, extraordinary pressure.