Latest news with #alternativeLending
Yahoo
18-06-2025
- Business
- Yahoo
Reward Funding targets regional growth with Jaxon Stevens
Alternative lender Reward Funding is gearing up for further expansion in London and the South East with the appointment of Jaxon Stevens as its new Business Development Director. With a career spanning over 25 years, Stevens will be tasked with growing Reward's loan book by working closely with SMEs, property investors, and entrepreneurs. He will also collaborate with the lender's network of introducers and commercial finance brokers. Speaking about his new role, Stevens noted that Reward has been on a 'rapid growth trajectory' since its London launch four years ago. 'The business has played a key role in making funding accessible to a wide range of ambitious SMEs,' he said, adding that he's looking forward to 'unlocking opportunities' for more businesses in today's 'challenging economic climate.' Stevens will work alongside Simon Adcock, Regional Director for London and the South East, who described the appointment as a strategic move. 'Jaxon brings extensive financial experience, expertise and knowledge to the role,' Adcock said. 'He'll be pivotal in helping us fill the gap left by banks and traditional lenders.' Adcock also highlighted Stevens' strong industry network: 'Having spent much of his career in business development, Jaxon has established valuable connections with brokers, SMEs and property professionals—relationships that will be invaluable to Reward and our clients.' "Reward Funding targets regional growth with Jaxon Stevens" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Finextra
08-05-2025
- Business
- Finextra
Juice raises £25m for founder-focused lending platform
Juice, a UK-based alternative lending platform for digital founders, has raised £25 million in funding. 0 The investment comes from family offices Aern Capital and Falco Capital, underpinned by a credit line from Paragon Bank. In he UK, there is a £22 billion funding gap for SMEs, with over 55% of companies moving away from their high street banks when it comes to their lending needs, claims Juice. The startup is looking to close the gap with a blend of real-time financial data, predictive analytics, and flexible credit lines to offer SMEs tailored capital exactly when and how they need it without dilution or hidden fees. With the new funding in place, Juice says it is on track to reach a £100 million loan book with £25 million annual turnover by 2028. Kathrine Chan, COE, Juice, says: "This funding round represents a critical step for Juice. Our mission is to give SME founders not just capital, but the actionable insights and flexibility they need to grow their businesses sustainably."
