multifi secures up to £15 million from Fintex Capital to accelerate SME lending

We are proud to share that multifi has secured up to £15 million from Fintex Capital to accelerate growth.

Since launching in 2023, multifi has provided more than £40 million of finance to UK businesses. With the new facility, the company expects that figure to exceed £100 million over the next three years – expanding its working capital and term lending for ambitious businesses that remain underserved by traditional lenders.

By combining Open Banking with proprietary credit decisioning technology, multifi delivers fast, transparent and hassle-free access to finance. Working closely with the intermediary community, it reaches SMEs across the UK with simple, fair and transparent credit, decisions typically within 24 hours, no collateral, and interest charged only on the funds a business draws.

Rob Keown-Boyd, CEO of multifi, said:
“We are delighted to have Fintex as a partner as we accelerate our growth to support more UK SMEs… With Fintex Capital’s backing, we are ready to scale up and take multifi to the next level – we expect to provide more than £100 million of debt finance to UK SMEs over the next three years.”

Robert Stafler, CEO at Fintex Capital, said:
“Fintex has funded UK SME lenders before and understands the critical role non-bank lenders like multifi play… multifi’s strong multi-year track record and analytical risk-management framework are qualities we appreciate in a lending partner, and we look forward to supporting them over the long term.”