Juice Secures £25M to Empower SME Founders with Non-Dilutive Capital: A Game-Changer in UK FinTech Lending
Juice, a leading FinTech platform in the UK, has successfully raised £25 million in funding to further its mission of providing alternative lending solutions for digital entrepreneurs and underserved SMEs. This funding round, which includes backing from family offices Aern Capital and Falco Capital, as well as a committed credit facility from Paragon Bank, marks a significant step in Juice’s efforts to bridge the funding gap faced by small and medium enterprises.
Juice’s Funding Milestone
Since its inception in 2019, Juice has adopted a data-driven approach to SME lending. The platform leverages real-time financial insights and predictive analytics to offer flexible credit lines, ensuring that businesses receive timely funding without hidden fees. The recent £25 million investment aims to:
- Expand its reach within the UK’s vast small business sector.
- Enhance its technological infrastructure.
- Scale operations to become one of the largest SME funders in the UK.
Addressing the SME Funding Gap
According to recent statistics, over 55% of UK SMEs have shifted away from traditional bank lending, resulting in a substantial £22 billion funding gap. Juice’s innovative funding solutions are timely and necessary for small businesses seeking growth capital.
Leadership Insights
Katherine Chan, CEO of Juice, shared her thoughts on the funding round: “This funding represents a critical step for Juice. Our objective is to provide SME founders not only with capital but also with actionable insights and the flexibility needed for sustainable growth.”
She added, “With the support of our partners at Paragon Bank, Aern Capital, and Falco Capital, we are set to revolutionize how UK SMEs access finance, emphasizing speed, transparency, and founder-focused solutions.”
Investor Perspectives
Stephen Routledge from Aern Capital expressed enthusiasm about Juice’s unique position in the marketplace: “Juice’s approach to securing growth capital is distinct, and I believe it can significantly benefit fast-growing businesses. We are proud to support Juice through substantial equity and debt finance.”
For more information on alternative lending solutions, visit our related page. To learn more about Juice’s offerings, check out their official website.
