In a landmark move for the fintech industry in the Midlands and Worcestershire areas, the Midlands-based ABC Finance has announced a significant partnership with Uswitch, a leader in the UK’s comparison and switching services sector. This collaboration marks a major milestone in the fintech landscape, promising not only innovative financial solutions but also a boost to the local economy through potential job growth.
ABC Finance, a company with roots deeply embedded in Worcestershire, as it’s founder was born and raised in Worcestershire, has been a rising star in the financial technology sector.
Its latest venture with Uswitch introduces an online invoice finance comparison tool, a revolutionary platform that is set to transform how businesses manage their finances. This tool allows business owners to quickly compare and select the best invoice financing options, saving them valuable time and resources.
The key features of this partnership include:
· A Unique Platform: Combining the pioneering technology of ABC Finance with Uswitch’s expansive reach, the platform is set to be a first in the industry.
· Efficient Tender Process: The tool empowers businesses with a swift tender process, compelling lenders to present their best deals upfront, thus reducing lengthy negotiations.
· Privacy-Centric Approach: The tool ensures user privacy, revealing contact details only when users choose to engage with a lender.
· Diverse Lending Options: Major industry players like Lloyds Bank, Skipton Business Finance, Novuna, and Bibby are part of the platform, offering a wide range of financing options.
Gary Hemming, the Commercial Lending Director at ABC Finance, expressed his enthusiasm about the collaboration: “Our alliance with Uswitch is a testament to our unwavering dedication to serve the business community. By marrying our tech-driven solutions with Uswitch’s extensive reach, we’re set to revolutionise how businesses navigate the complex world of invoice financing, and we’re proud to be at the forefront of this change.”
Cam Jaques of Uswitch also commented on the partnership, noting its significance in expanding Uswitch’s portfolio for SMEs and catering to the diverse needs of their audience. He added, “For us here at Uswitch, this marks a significant expansion of our comparison portfolio for SMEs, showcasing our commitment to continually evolving and meeting the diverse needs of our audience.
This partnership is not just a technological advancement but also a beacon of economic growth for the Midlands and Worcestershire. With the fintech sector rapidly evolving, the collaboration between ABC Finance and Uswitch is expected to create new job opportunities in these areas.
The influx of these high-skilled jobs will contribute significantly to the local economy, positioning the Midlands and Worcestershire as key players in the fintech industry. Business owners and decision-makers interested in the innovative tool can find it on both the ABC Finance and Uswitch websites. This development is a testament to the growing importance of fintech solutions and the potential they hold for regional economic development.
As the fintech landscape continues to evolve, partnerships like these are pivotal. They not only showcase the potential for technological innovation in finance but also underscore the role such advancements can play in bolstering local economies and job markets.
To see these partnerships being forged by local businesspeople who are looking to grow staff numbers in both the Midlands and Worcestershire areas can be a big win for both areas.