FundingKnight is a debt-based crowdfunding platform for British small businesses. It specializes in short-term, working capital lending. Businesses can apply to borrow between £25k and £150k.
FundingKnight has built its own credit evaluation model designed specifically for smaller companies. Since inception FundingKnight has raised £4,878,000 through its platform.
The idea for FundingKnight sprang from two simple thoughts: People were getting a really poor deal on their bank savings and smaller companies approaching banks to support and grow their businesses often weren’t getting a deal at all.So we thought why not bring the two together through a web platform? That way, people should get a better return on their cash savings. Companies would get an alternative source of funding to support their growth.We knew we could play our part in kick-starting the UK economic recovery through helping finance the small businesses which are its future.
Investors can lend as little as £20 to small businesses on FundingKnight. Loans are unsecured, and range in size from £20k – $150k. Fundingknight specializes in working capital lending, and its supports lending to a wide range of business activities.
Investors pay no fees.
Graeme is responsible for driving FundingKnight’s strategy and for running the business.
He has over 30 years’ experience of building and creating businesses and driving them through rapid growth, mainly in the financial services sector. Prior to starting FundingKnight, he built a specialist equity release business, Sovereign Reversions plc, which was listed on AIM and sold for £35m in 2010.