Greengage joins forces with FinTech mnAI
By Megha Bhattacharya
Greengage, which is currently seeking licence permissions to become a digital merchant bank, has joined forces with FinTech provider, mnAI, to provide their clients with access to millions of real-time data points across all UK business sectors. Adding access to rich data surrounding SMEs in the UK will open up this information to their clients, in order to provide more informed decision making.
mnAI’s platform uses artificial intelligence and machine learning algorithms to track every UK company in real-time. Clients such as Greengage benefit from over 9.5bn data points covering more than 7 million UK companies.
CEO of Greengage, Sean Kiernan, commented: “Greengage are facilitating access to the mnAI SME data and analysis to help provide additional insights into the important SME sector, and to start discussions with potential interested partners to address the £22bn+ SME funding gap as highlighted by the Bank of England”.
Greengage is building the first digital merchant bank in Gibraltar focusing on two underserved business segments – UK SMEs and Cryptocurrency businesses. The company facilitates lending against cryptocurrency via introductions on a B2B basis and is currently in the pre-authorisation stage with regulatory authorities to provide a suite of classic banking products and services across both traditional fiat currencies and cryptocurrencies. Post-regulatory approval, it will offer loans to SME clients from its anticipated crypto-asset client depositors.
mnAI CEO, John Cushing, added: “We’re delighted to work with Greengage. The collaboration is an excellent opportunity to showcase not only the power of mnAI, but also the services that Greengage offers to their clients, and we’re excited to be part of their journey as they continue to grow.”
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