The past quarter has been an exciting period for Momenta Finance, marked by substantial achievements and growth. Our team’s dedication and strategic efforts have led to significant milestones, reinforcing our commitment to supporting businesses with essential funding when it matters most.
Q2 Performance Update for Momenta Finance
Meaningful Book Growth
This quarter, we achieved meaningful book growth, showcasing our continuous efforts to expand and enhance our lending portfolio. This accomplishment underscores our strategic focus on delivering reliable financial solutions to businesses.
- Our business loan originations saw a remarkable increase, contributing to a 16% growth in the overall business loan book. This growth reflects our unwavering commitment to providing crucial financial support to enterprises in need.
- Similarly, with the new HSBC funding line, our property loan originations contributed to a 34% growth in the overall property loan book. This significant increase highlights our ability to leverage strategic partnerships to better serve our clients.
Recovery Loan Scheme Phase 3: Launched in March, our Recovery Loan Scheme Phase 3 has been a resounding success. In a short period of time, we lent over £4 million to approximately 30 borrowers through this iteration of the scheme, demonstrating our commitment to supporting businesses during challenging times. Although this scheme is now closed, its impact has been substantial.
Our mission at Momenta Finance is to empower businesses by providing flexible and reliable financial solutions. The achievements of Q2 reflect our unwavering commitment to this mission, and we are excited to continue our journey of growth and support for the business community.
Stay tuned for more updates as we continue to drive success and innovation in the finance sector.
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 offers a suite of lending options, including unsecured and secured business finance, bridging and 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.
