Business Highlights

Over the past 12 months, Momenta Finance has experienced significant growth. Our new loan disbursements have grown by over 46% year-on-year, reflecting our expanding reach and growing demand for financial support among SMEs. Disbursement growth complimented a 49% increase in assets under management, underscoring our strengthened market position and confidence in our business model.

We have continued to focus on key sectors such as civil engineering, healthcare, manufacturing, professional and business support, small construction firms, and wholesale, all of which have shown resilience and potential for growth despite ongoing economic uncertainties. These industries have benefited from tailored financing solutions, enabling them to invest in vital infrastructure, innovation, and expansion.

One of the significant milestones of this year has been the launch of our Growth Guarantee Scheme, which has been accredited by the British Business Bank. Additionally, we secured a substantial funding line with HSBC, further enhancing our capability to provide comprehensive financial solutions.

We have increased our maximum loan amounts and terms this year:

We launched several important updates to our technology platform. We introduced a new product to manage property bridging loans. Additionally, we automated retrieving the details of and matching Persons of Significant Control in our Introducer Portal. Internally we automated the generation of loan offers and agreements. These changes made things easier for our introducers providing quicker processing, feedback, and real-time updates.

Industry Recognition and Awards

Our hard work and dedication have been recognised through several prestigious awards and nominations. We were shortlisted for multiple categories at the NACFB Commercial Lender Awards, including Unsecured Funder of the Year, The Leadership Award for our CEO Luke Jooste, and Commercial Finance Lender of the Year. 

We are particularly proud to announce that Momenta Finance received a Highly Commended accolade in the Best Alternative Business Funding Provider category and a Commended recognition in the Best Business Loan Provider category at the Business Moneyfacts Awards 2024.

Team Growth, Community Engagement, and Sector Support

This year, we welcomed new members Caryn and Sandra in Finance alongside James who took over Marketing, each bringing their own expertise and enthusiasm to our team. Our Business Development Managers have continued to excel, and have actively participated in various industry events, including broker lunches, conferences, and meet-the-funders sessions. These engagements have strengthened our relationships with partners and introducers and kept us at the forefront of industry trends.

Looking Forward

The successes and challenges of this year have strengthened our resolve to continue innovating, growing, and delivering exceptional financial solutions. We are excited about the opportunities that 2025 will bring. We are committed to maintaining the highest industry standards, transparency, and tailored funding solutions that have made us a trusted name in alternative finance. As we close out 2024, we express our heartfelt gratitude to our introducers, partners, and clients for their trust and collaboration.

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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 panorama 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 and upholds the highest industry standards.

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