back Back

365 Business Finance partners with FinTech Groov

By Gloria Methri

November 29, 2022

  • 365 Business Finance
  • API
  • Business Intelligence
Share

365 Business Finance has partnered with Groov, a FinTech company that provides API access to data and revenue insights, to fully automate its SME lending offering. The London-based lender is the first to partner with Groov.

The integration will enable 365 Business Finance to get real-time revenue-based information and insights on transactional sources of data for its clients.

“We are excited about our new partnership with Groov,” said 365 Business Finance Managing Director Andrew Raphaely. “In conjunction with our existing open banking technology, this gives us the ability to fully automate our offering, which ultimately means faster funding decisions for our clients. As a leader in revenue-based lending for UK SMEs, this is an important development in our FinTech capabilities.”

365 Business Finance funds from £10,000 – £300,000 to sole traders, partnerships, and limited companies across the United Kingdom. Its partners benefit from high conversions coupled with commissions, even on renewals.

Mark Hazzard, CEO of Groov, said, “We are delighted to announce our partnership with 365, so soon after closing a seed funding round. It is an excellent proof point for our Connect and Insights API products. We look forward to powering automated lending for UK merchants through the combination of Groov’s data infrastructure and 365’s in-house customer and risk solutions.”

Previous Article

November 29, 2022

Klarna launches platform to connect influencers and retailers in UK

Read More
Next Article

November 29, 2022

Tandem and Cogo partner to track carbon footprint on consumer purchase

Read More










IBSi Daily News Analysis

January 27, 2023

365 Business Finance

Embedded finance, Web3 to trigger FinTech investment in 2023 amid looming recession

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

January 27, 2023

7 FinTech tweets you should see!

Read More

January 27, 2023

Open Ecosystem RegTech Konsentus launches into MENA

Read More

January 27, 2023

Klarna provides overview of spending in 2022 with ‘Money Story’

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q4 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q4 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q4 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q4 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022