A rapidly growing UK fintech group has secured a £5m investment from Growth Lending, provided under the government’s Coronavirus Business Interruption Loan Scheme (CBILS), that will enable the firm to acquire and serve new customers, following a growing demand for its products during the past 12 months.
Stockport-based Valour Group, which comprises multiple fintech brands, including the consumer lending platform Savvy.co.uk, experienced exponential growth in 2020 and now needs a bigger finance facility so that it can continue lending to customers, while also winning new ones.
“We are looking forward to working with Growth Lending and appreciate its support, which will be key to the successful execution of our growth strategy,” says Valour Group’s managing director, Natalie Blain.
“The team at Valour is energised about the future success of the business and is passionate about providing a stand-out professional service to its customers,” says Sinead Johnson, principal at Growth Lending. “Working with them has been a great experience for us and we are excited to be a part of their growth journey.”