UK SME lender Simply celebrates its 5th anniversary

Simply was founded in 2017 by a group of asset finance specialists, in response to the need for innovation and disruption in the sector.

Since inception it has provided more than £700 million in lending to more than 4500 British SME’s.

Simply prides itself for being there for their customers ‘Come rain or shine’ and has held firm over the last 5 years helping businesses prosper despite the challenging conditions.

Mike Randall, CEO of Simply, said “The last five years have been an inspiration and I am very proud of what Simply has achieved so far. We set out to change how businesses gain access to the funding they need to grow and prosper. We have delivered that, and we look forward to continuing supporting SMEs.”

Simply has been named in the Top 50 of the FT1000 list of Europe’s fastest- growing businesses. The business was also fourth fastest-growing in the European financial services sector having seen revenues rise 22-fold in the last three years.

In September it launched Simply Connect, an end-to-end digital journey to finance enabling businesses to manage their funding from application to final payment entirely online. Simply Connect is Open Banking enabled, making the underwriting process faster and more efficient for borrowers.

The British Business Bank recently increased Simply’s ENABLE Funding facility. In total, the facility will provide £300m of funding to SMEs across the UK.