Prestigious International Awards Program Recognizes Outstanding Financial Technology Products And Companies
LOS ANGELES, April 12, 2023 /PRNewswire-PRWeb/ -- FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Nucleus Commercial Finance, the fintech revolutionizing how UK SMEs access finance, has been selected as winner of the "Best Overall Business Lending Company" award in the 7th annual FinTech Breakthrough Awards program. In 2022, Nucleus garnered the "Business Lending Innovation Award" from FinTech Breakthrough.
Nucleus Commercial Finance provides UK small to medium sized enterprises with alternative funding options. The Company's range of products has been designed to package solutions that fit the needs of each individual business that they work with, and their team of specialists are experienced in both business finance and banking. Whether an SME requires cash flow finance, property finance or revenue-based lending, Nucleus offers funding solutions at speed.
Nucleus' automated underwriting model harnesses artificial intelligence and machine learning to get decisions and funds out rapidly. In order to streamline the journey for their brokers, Nucleus built myNucleus, an introducer CRM platform that brings everything they need into one central place. Brokers can submit multiple applications for their clients, provide documentation and track progress and commissions. 45,000 loan applications have already been received through myNucleus.
Additionally, Nucleus recently launched Pulse, a data-insights tool for SMEs. Through Pulse, Nucleus delivers game-changing insights every month to anyone who signs up – and all for free¬ Their AI pulls information from a user's accounting software and banking accounts in order to provide financial insights covering their turnover, P&L, gross margin and liquidity, as well as creating automated management accounts and balance sheets in seconds.
"Many SMEs don't know how to make the most of their data - if they even know how to find it and structure it in the first place. Not every business can afford the resources to do this and it's often the final hurdle that gets in the way of businesses accessing the finance they desperately need and deserve," said James Johnson, Managing Director, FinTech Breakthrough. "Nucleus is combining the stability of bank finance with the flexibility and speed of alternative lending platforms. Their use of technology is helping SMEs gain access to short, mid or long-term funding that helps their business grow. We're delighted to recognize them as our 2023 'Best Overall Business Lending Company!'"
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2023 FinTech Breakthrough Award program attracted more than 4,000 nominations from across the globe.
"It's amazing to win a second award from FinTech Breakthrough; one that recognizes the entire company is even more special to us. We're on a mission to make solution-led finance accessible to more businesses than ever before - with no rigidity or bureaucracy. We support growing companies with the finance they need, helping them flourish and grow," said Chirag Shah, Founder & CEO, Nucleus Commercial Finance. "As a fintech lender, we're constantly working hard to innovate within the financial services sector to offer both our customers and partners the best and most streamlined journey within our industry. We believe in Fintech as a Force For Good, so we're empowering SMEs with their own data so they can make better, bolder and crucially, more successful decisions about their future."
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About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
About Nucleus Commercial Finance
Nucleus are a leading Fintech ensuring businesses get bespoke funding solutions at lightning speed. They're armed with the best-in-class technology, enabling them to provide decisions and funds rapidly, with accuracy and fairness every time.
With funding between £3k and £5m through both secured and unsecured products, SMEs have plenty of choice and flexibility to help them thrive.
Their award-winning, innovative tech has meant they're able to streamline and automate their entire application process to deliver a hassle-free, effortlessly simple funding journey for both direct customers and the introducers they work with. Nucleus has supported £2.6bn of lending since inception.
Media Contact
James Johnson, FinTech Breakthrough, 213.255.3658, [email protected]
SOURCE FinTech Breakthrough
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