Friday, November 8, 2024
16.9 C
New York

Nucleus Commercial Finance secures £200m funding facility from NatWest

  • UK SME lender Nucleus Commercial Finance secures £200 million funding from NatWest.
  • The funding increases Nucleus’ total lending capacity to £900 million.
  • Nucleus aims to support over 2,000 small and medium-sized UK businesses with its Nucleus Business Loan.
  • Nucleus Business Loan offers up to £2 million to UK SMEs with an AI-led automated underwriting system for quick decisions.
  • CEO Chirag Shah states that 96% of loan decisions are made in under one minute, thanks to tech investments, including AI and open banking initiatives.
  • The company’s tech-driven approach streamlines the lending process, providing fast and accessible financing for SMEs.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Alliant Credit Union Appoints Ken Schaafsma as Interim CEO

Alliant Credit Union in Chicago has appointed Chief...

Kaizen Secures £42M Investment to Expand Regulatory Compliance Solutions

Kaizen, a UK-based regulatory compliance solutions provider, has...

FTC Challenges Neobank Dave Over Deceptive Marketing and Hidden Fees

The Federal Trade Commission (FTC) has filed a...

Bank of New Zealand Acquires BlinkPay to Boost Open Banking Solutions

Bank of New Zealand (BNZ) has acquired Auckland-based...

FE Fundinfo Acquires Matterhorn to Enhance AIFMD Reporting Services

FE Fundinfo has acquired Matterhorn Reporting Services to...

Konsentus Chosen to Drive Open Banking API Standards for Bank of Namibia

UK-based regtech Konsentus has been selected by the...

Monument Technology Appoints New CTO and CCO to Strengthen BPaaS Offerings

Monument Technology, a UK-based provider of Banking-Platform-as-a-Service (BPaaS)...

Related Articles

Popular Categories

spot_imgspot_img