ING has invested £5 million in Funding Options, the UK fintech company that offers a marketplace for lending to SMEs.
AMSTERDAM, 20-Sep-2018 — /EuropaWire/ — The investment gives ING a minority interest in the platform.
Funding Options is keen to use the new capital to further develop the platform, increase the number of sales staff and further expand internationally.
Funding Options was founded in 2012 in the United Kingdom. In June, ING and Funding Options announced that they would be introducing the platform in the Netherlands as a new platform for lending to Dutch SMEs.
Funding Options is one of the first platforms in the Netherlands where SMEs can obtain loans from different providers. ING believes it’s important that SMEs with a good plan can choose the best lending option from a wide range of possibilities. By setting up the platform with Funding Options, ING will also take an important step in its innovation strategy to create an open platform in financial services.
ING Ventures, ING’s investment arm that invests in fintech companies, is responsible for the investment.
SOURCE: ING
MEDIA CONTACT
Raymond Vermeulen
Head of Media Relations, Wholesale Banking, Retail Banking Benelux, Sustainability, Corporate governance
raymond.vermeulen@ing.com
Tel: +31 20 576 63 69
(IN BRIEF) LANXESS is set to showcase its latest advancements in water treatment and recycling…
(IN BRIEF) TikTok and CTS EVENTIM have joined forces to introduce a new feature enabling…
(IN BRIEF) Bayer and Evotec have updated their strategic collaboration to focus on developing precision…
(IN BRIEF) AIXTRON SE, a leading provider of deposition equipment to the semiconductor industry, has…
(IN BRIEF) MTU Aero Engines AG announced positive financial results for the first quarter of…
(IN BRIEF) Vonovia SE, based in Bochum, Germany, began the year with robust operating results,…