SME lender 365 Finance has expanded into the Republic of Ireland, supporting the growth of Irish businesses and entering the EU marketplace.
The funder’s international growth strategy is to leverage its automated AI-powered lending platform in other markets.
365 Finance has advanced over £500m to UK-based SMEs since inception in 2014, and has used more than a decade’s worth of lending data to build an AI-focused lending platform using Salesforce and AWS architecture.
This proprietary lending platform aims to allow the funder to enter new markets efficiently.
365 Finance said that SMEs in the Republic of Ireland are similarly constrained when it comes to accessing finance from banks.
The lender will be looking to add new EU markets to their roadmap.
Warren Abbey, CEO at 365 Finance, said: “We are thrilled to announce the expansion of our highly scalable, revenue-based fintech lending platform into the Republic of Ireland.
“Designed specifically for small businesses, our lending product offers unparalleled flexibility, allowing borrowers to repay based on their revenue, making it a perfect fit for businesses of all sizes and stages.
“This milestone marks a significant step in our mission to provide innovative and accessible financial solutions that help small businesses thrive.”
Nathan Stewart, director of growth at 365 Finance, said: “With a strong commitment to customer-centric service and cutting-edge technology, we look forward to making a positive impact on the Irish market and driving financial inclusion for small businesses across the country.”
