Cash Flow -Management Platform Lenkie has announced £ 49 million in Fresh Series A finance – with £ 4 million in equity and a £ 45 million debt facility – to stimulate the financing solution of the affordable SMEs.
Under the leadership of a large US private credit fund, the round is a goal of tackling a reported deficit of £ 22 billion in the UK -MKB financing because banks continue to withdraw from business lending.
Founded in 2021 by Sanjeev Jeyakumar and Nnaemeka Obodoekwe, Lenkie pays suppliers in advance on behalf of the growing companies to cover vital costs, such as shares, subcontractors and equipment. By trusting real -time data for immediate insurance, Lenkie offers an alternative to the “slow and rigid” traditional loan process. After having already financed more than £ 70 million and have paid 2,000 suppliers in 40 countries, the company’s transactions -based approach reduces the risk, reduces the costs and reduces the real -time needs of SMEs.
Jeyakumar, a former Citigroup credit trader, said: “We use data and technology to understand the nuances of every company and to offer quickly, flexible capital. By financing specific transactions, we create a new model of financial inclusion that matches how modern companies work and grow. “
In the midst of the enveloping demand for alternative financing options, the tailor -made model of Lenkie can be crucial. The company is planning to use the new capital to refine its data -driven insurance, to enter scale partnerships with large platforms and possibly new markets. By bridging the working capital gaps of SMEs, Lenkie wants to stimulate growth among smaller companies, which stimulate 60% of British employment and 50% of GDP – and stay behind by traditional losses.