Linked Finance aiming to help the crowd to raise €20m
Published 14/05/2015 | 02:30
Linked Finance is an Irish-owned alternative finance company, established over two years ago and operating in the Peer to Peer lending sector.
The online platform allows SMEs to secure loan finance at very competitive rates from members of the public. The members of the public in return earn healthy returns on their funds. According to Vice President of Sales Tom O'Reilly, Linked Finance "typically supports companies with less than ten employees and with an average turnover of about €180k.
"Since its foundation, Linked Finance has supported over 300 companies all over Ireland, across a range of industries including food and drink production, manufacturing and professional services"
Linked Finance look to provide customers with quick access to finance in a transparent way without any hidden fees. The average turnaround time for receiving funds is less than three weeks.
Mr O'Reilly added: "Linked Finance has helped SMEs to raise over €8.8m in loan financing and we are well on track to increasing this sum to €20m by the end of 2015.
"The profile of the companies looking to raise finance varies greatly from organic food producers with turnover of €150k to international manufacturers with millions in annual sales". He added that he views the FundSME event as an excellent platform to reach clients in their targeted SME sector, saying: "Many SMEs are not aware of the variety of new funding options now available to them and the FundSME event and website will go a long way to address this.