In recent years there has been significant growth in alternative finance, grants and schemes for SMEs, but Swoop recognises that the expanding supply of finance requires intelligent delivery. Swoop is a FinTech solution supporting SMEs to access funding, addressing the need for fair access for SMEs to the banking services market.
The company's unique algorithms seamlessly connect SMEs to suitable and viable options, helping companies to understand their financial position and access services bespoke to their needs. It has over 75,000 companies, comparing 1000s of products. The effective provision of finance and banking services to SMEs is crucial for boosting economic performance.
Following increased demand for SME financing, Swoop has recently secured funding which will be used to support its plans for international expansion, in particular the North American market, according to CEO Andrea Reynolds. The company forecasts its revenues to rise by 450 per cent this year and hopes its growth will facilitate this.
Kirsty
Company Specialist at Welcome to the Jungle