Juice, the Founder-Focused Lender Platform, Secures £25 Million in Funding; Unlocking New Funding Options for Thousands of UK SMEs
Summary
This includes looking to expand its product from digital SMEs to the wider SME market so all businesses can benefit from the capital flexibility that their services offer.Lewis Fitzsimons, Managing Director of Paragon Banks Structured Lending Division, added: Its been a pleasure to assist Juice Ventures with a committed facility to enable Katherine and her team to continue supporting SME businesses operating in the e-commerce and digital space. Its approach to providing an alternative method of securing growth capital and non-dilutive investment is extremely unique and I believe it could be a major benefit to fast growing businesses. I knew we had to get involved showing our support and assistance by providing substantial equity and debt finance, and were delighted for Juice to be partnering with Paragon Bank in this next exciting phase of their journey.Richard Anderson, Managing Director of family office Falco, concluded: Falco investors were early-stage investors in Juice and have continued to support the business throughout. A Juice loan fills this gap, adding real-time data analytics and control of online payment systems to traditional credit analysis techniques. The deal with Paragon is only the start and we look forward to continuing to support the company on its own growth journey.Juices successful funding round has put it on track to reach a \xa3100M loan book with \xa325M annual turnover by 2028.