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Sunday, July 21, 2024

Northwest business receives financial industry award

Capify have recently been crowned “SME lender of the year” at the 2023 Credit Awards.

Grosvenor House in London held the financial services industry awards ceremony on June 1st whilst television’s Katherine Ryan hosted. The Altrincham-based firm was up against fierce competitors including fintechs, assest finance providers and invoice companies.

“This award is recognition of the amazing work the whole Capify team have undertaken over the past year and our commitment to serving the UK’s vital SME community. For many UK SMEs, access to finance can be a real barrier to growth and we are delighted that our innovative and flexible approach to serving this segment of the economy has been recognised”. – John Rozenbroek, Capify COO/CFO

Capify’s Q1 2023 business confidence survey revealed that 55% of SMEs are uncertain in their ability to secure finance from their traditional banking partners. “This is where we step in”, Rozenbroek adds. “As an alternative lender, we pride ourselves on our agile yet responsible approach, enabling us to promptly provide the much-needed funds to this underserved audience. In fact, we can approve and transfer funds to the applicant’s account in as little as 24 hours.”

Launched in 2008, Capify was born out of the desire to offer small businesses an alternative way to quickly access responsible business finance when many firms were struggling to navigate the impact of the global financial crisis. With offices in the UK and Australia and approximately 120 employees, it continues to support smaller businesses with funding to meet the challenges and opportunities of today’s economic climate.

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