UK-based lending platform Funding Circle has partnered with Sage, the accounting, finance, HR and payroll technology company for small and medium-sized businesses (SMEs). This partnership aims to simplify secure financing for small businesses.

With the integration of Sage Accounting and Funding Circle API, businesses will now be able to apply for loans and manage their cash easily.

Initially launched in the UK, SMEs using Sage Accounting software can apply for business loans of between £10,000 and £500,000, with the option to repay the loan between 6 months to 6 years. They will also have access to Funding Circle’s new product, FlexiPay, which is an interest-free line of credit that helps small businesses manage their cash flow. With more than 130,000 businesses reaching over £14.5 billion through the Funding Circle and one million Sage customers, this partnership aims to revolutionize access to finance for small and medium businesses. small. Additionally, the two companies plan to expand their partnership internationally, including in the United States, where Funding Circle has a growing presence as a loan provider.

“We are proud to team up with Sage and launch another partnership via our API, increasing access to funding for more small businesses in the UK. We are really looking forward to building our relationship with Sage and its customers, with the potential to expand into the US in the future too.”

Alexander Allen, UK Managing Director at Funding Circle.

“Our partnership with Funding Circle is exciting as it simplifies access to loans and funding for SMBs so they can focus on running their businesses. Managing cash flow can be a source of anxiety for customers and this partnership will relieve that stress by reducing waiting time on loan decisions and giving SMB owners peace of mind.”

Neal Watkins, Executive Vice President of Product at Sage.