Specialists in SME lending, Momenta Finance, formerly Merchant Money, proudly announces its remarkable second-quarter performance for 2023. Building on previous success, Momenta Finance continues to excel across various sectors, reinforcing its dedication to supporting the UK SME market.
Momenta Finance Reports Exciting Q2 Performance Following Rebrand
Portfolio Highlights
- Total loan book recorded a growth in excess of 40% during the H1 period, primarily fuelled by a substantial 145% increase in originations across all product offerings.
- Business loan books witnessed an impressive surge of over 25%.
- Property loan book experienced an increase of over 75%.
Our success is not solely measured by the numbers, but also by the strength of our introducer panel. Our panel has experienced a notable 22% increase compared to the previous quarter, a testament to our dedication to collaboration and our ability to deliver exceptional service to our partners.
Notably, construction, retail trade, entertainment, recreation, and travel have experienced substantial growth. However, we are not limiting ourselves to these sectors alone. Our strategic vision revolves around providing tailored financial solutions across a wide range of industries. We are actively partnering with introducers to extend support to SMEs operating in manufacturing, agriculture, transport, and other professional services. This initiative empowers UK businesses with customised financial solutions, fostering growth in critical sectors.
Luke Jooste, CEO of Momenta Finance said “Our success going into the year has been a result of our strategic focus on business loans and a compelling rebrand, both of which have amplified our market presence. As we continue to grow, our commitment remains centred on empowering UK SMEs and nurturing success across diverse industries”.
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 business finance, bridging loans, and business cash advances. The company’s commitment to transparency, tailored and 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.
