Keeping you in the Alternative Business Funding picture

It’s no exaggeration to say that things are moving at a breathtaking pace. Following our successful interactions with the Treasury and BIS last year, we have seen our proposal for mandated bank referrals become law, we have new funders wishing to be part of ABF contacting us all the time, and, as I write, I am looking at the first draft of a document which is our expression of interest for designation by the British Business Bank as an approved portal to receive the mandated bank referrals. Heady stuff and we will be sure to keep everyone up to date with our progress on this journey.

Monday, April 20th saw a new wave of funders list on the site, taking the total to 35, with a further 15 or 20 waiting to come on board in the near future. A warm welcome to our latest colleagues in the ABF initiative, I hope you find our relationship a rewarding one.

Site traffic continues to grow strongly, and, as of this week the total visitor numbers topped 17,000. Given the high proportion of clicks through to a funder its obvious that, although we can’t be accurate about it yet (but we will in the near future), a significant level of funding deals are being transacted as a direct result of our functionality, putting funders and businesses together having identified the best match on both sides. It really is gratifying to be delivering a measurable economic and social impact in such a short space of time.

That’s about it for now; we have lots of exciting stuff in the pipeline and will be communicating these with you as they each come on stream. My thanks to everyone involved for their support so far.