16th June 2023

Introducers Driving Strong Q1 Result

We are proud to report exceptional performance in Q1 of this year, with origination growth up significantly compared to 2022. This achievement was made possible by the successful improvements made to our unsecured and secured business loans, which were as a result of the £115m funding raised from Quilam Capital and Barclays Bank PLC. In addition, we expanded our business development team and welcomed Jake Bebbington and Alex Forster, who are supporting Tom Shave, our Sales Director. 

First Quarter Achievements in Multiple Sectors and Acclaim from Brokers

We are delighted to see our first quarter success spread across a wide range of sectors. This includes care homes, automotive, dental, manufacturing, logistics, and event organisers across the UK. This accomplishment is further strengthened by the feedback from our broker community. They highlight the 5-year term, competitive pricing, and account management as the particular strengths of our offering.

Luke Jooste, our CEO, remarked, ‘We expected the additional funding and product improvements to be well received, but the tremendous feedback from our broker community has surpassed our expectations. As we move into Q2, we’re eager to build on this momentum. We attribute this achievement to the unwavering commitment of our team to provide innovative financial solutions to UK’s SMEs. We also extend our heartfelt gratitude to our valued broker partners. Their invaluable support and feedback played a key role in our phenomenal growth.

Looking ahead, we plan to continue growing our loan book by fully utilising our existing funding lines. Despite the challenging macroeconomic environment for UK SMEs, we remain committed to supporting them to the fullest extent possible. Simultaneously, we aim to strengthen our relationships with our network of business introducers.

If you’re interested in learning more about our business loan products or joining our broker panel, please email broker@momentafinance.co.uk. We look forward to continuing to work with our broker community to empower UK SMEs with the financing solutions they need to thrive.

About Momenta Finance

Momenta Finance, formerly Merchant Money, is a leading provider of alternative finance solutions headquartered in London, United Kingdom. Established in 2013, Momenta Finance offers a panorama of lending options, including unsecured and secured business finance, bridging loans, and business cash advances. The company’s commitment to transparency, tailored credible funding has made it a trusted partner for businesses seeking financial support. Momenta Finance is accredited by the British Business Bank and upholds the highest industry standards.