SME lender 365 finance has been honoured with a King’s Award for Enterprise for Innovation. The Camden-based company is one of just 59 businesses in the UK to be recognised with this prestigious Innovation award this year.
The award has been granted in recognition of 365 finance’s AI-powered underwriting and funding platform, Rev&U™, and was officially presented on Thursday 12 September by Representative Deputy Lieutenant for the Borough of Camden, Ms Roxane Zand DL.
Rev&U™ has enabled 365 finance to grow rapidly as a business and provide essential growth funding to thousands of SMEs across the country. Developed over a two-year period, the automated platform significantly improves the speed and underwriting accuracy of funding for small businesses in the UK.
365 finance Founder and Executive Vice-Chairman, Andrew Raphaely, commented, “We are thrilled to have been presented with this prestigious award, which recognises the innovative approach we have taken as a fintech to get more funding to more businesses at pace.
“The award means a great deal to the whole team here, who have worked incredibly hard to develop Rev&U™ and are committed to supporting UK businesses. It was a real honour and a privilege to also attend the Royal reception held for the King’s Awards, at Windsor Castle in July, meeting King Charles.”
The King’s Awards for Enterprise, now in its 58th year, are the most prestigious business awards in the country, with successful businesses able to use the esteemed King’s Award emblem for five years.
365 finance provides revenue-based finance of £10,000 to £400,000 to SMEs across the UK, with no hidden fees or fixed terms. Due to the exclusive automated underwriting technology at 365 finance, funding can be approved in less than 24 hours.
