The funds will enable the short term consumer loan specialist to acquire and serve new customers
A rapidly growing UK fintech group has secured a £5million investment that will enable the firm to acquire and serve new customers, following a growing demand for its products during the last 12 months.
The Stockport-based Valour Group, which is made up of multiple fintech brands including consumer lending platform Savvy.co.uk, experienced exponential growth in 2020 and now requires a bigger finance facility so that it can continue lending to customers, while also acquiring new ones.
The £5million revolving credit facility will be provided by Growth Lending, as part of the alternative lender’s CBILS product suite.
“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 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.”