Specialist finance provider Capify has been recognised as SME lender of the year at the 2023 Credit Awards.
The award win – which recognises innovation and best practice in serving the UK smaller business community.
Taking place at London’s Grosvenor House and hosted by television’s Katherine Ryan, the prestigious Credit Awards recognise excellence in service and performance across the whole funding landscape.
In a fiercely competitive segment, which included banks, fintechs, asset finance providers, invoice finance companies, and P2P businesses, Capify was recognised as the SME lender of year (up to £1m lend).
Commending Capify’s commitment to serving UK’s vibrant SME community, the judges praised the speed and ease of our loan application process.
Reflecting on last night’s win, John Rozenbroek, Capify COO/CFO said “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.”
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 the UK 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.