London fintech lender launches booster fund for small businesses

A fintech business lender has announced that it is launching a booster fund for small businesses in the UK.

MarketFinance, based in London, has launched the Business Booster Fund, which will make grants of £5k available to UK small businesses.

The grants will be aimed at supporting “passionate and driven” entrepreneurs to kickstart their 2021.

In the first round, three businesses will be selected and announced in January, with further rounds to follow.

Anil Stocker, CEO of MarketFinance, commented: “I’m very excited to announce the launch of our first MarketFinance Business Booster fund.

“These grants represent a small boost that will help the successful businesses pivot, scale or grow in 2021.

“It’s been a difficult year for most, but we can’t forget that a lot of businesses were good, strong and viable in 2019

“We want to support the UK’s hardest working and most exciting SMEs. In addition to the grant, we will offer the time and skills of our expert staff to help their leadership teams.

“Whether they need tech, marketing, finance or communications support, we will provide the resources to help them get to where they want to go.”