Funding Options, an SME financing tool, has raised £1.25m from GLI Finance for a 28.9% equity stake in its business, along with £750,000 of preference shares.
Funding Options helps SMEs access finance by using its platform to scan the market, as well as offering expert support and educational materials.
Conrad Ford, founder and chief executive of Funding Options, said: “Our vision is to be a one-stop-shop for small businesses with financing needs, no matter how challenging, urgent or unusual. We look forward to working with the GLI family of investments, finding synergies and learning from their deep understanding of the alternative finance sector, both in the UK and globally.”
Geoff Miller, chief executive of GLI Finance, which specialises in alternative finance investment, said: “Funding Options exemplifies how brokered alternative finance can be invaluable for small businesses trying to navigate an ever expanding range of financers, having referred UK SMEs to more than fifty alternative lenders in the past year.”