FXE transforms efficiency in SME lending by holding lenders’ underwriting models combined with access to live validated data – a direct challenge to the commercial broker market. It enables partners – such as MoneySuperMarket, Monzo and Experian – to offer customers instant access to personalised, transparent quotes for business funding.

Investment rationale

Gresham House Ventures provided funding as part of an investment round that will enable Funding Xchange to harness the technology behind its marketplace service and accelerate the roll-out of its white label ‘lending-in-a-box solution’.

This solution digitises steps in the underwriting process to help banks and lenders instantly and cost-effectively serve business customers, while also ensuring the best products from across the market are available to their customers.