Accelerated Payments fifth by Business Money’s Intermediary Index

Accelerated Payments today announced it has been ranked fifth on Business Money’s Receivables 2021 Intermediary Index, an industry review of the UK invoice finance sector. Experienced commercial finance brokers reviewed how the country’s invoice financiers respond to and manage clients’ needs.

Given the simultaneous challenges presented by Brexit and the pandemic 87 percent of small business owners in the UK, a quarter of respondents reported having lost money in the last two fiscal years. The UK invoice finance industry played a key role in helping businesses recover last year. In the first half 2021, there was a 7% increase in the number of businesses that used invoice finance. number of new businesses in the UK rose by 14 percent this is significantly higher than the average. than the global average of six percent.

Also, the previous research by Independent Growth Finance has shown that 27 percent of businesses (with a turnover of between £1M and £500M) use invoice financing and the impartial monitoring performed by Business Money and others, fosters ongoing trust and professionalism throughout the sector.

“This is a prestigious recognition and a tremendous achievement for the company,” Ian Duffy is the CEO of Accelerated payments. “Making it to the fifth position in the index is a testimony to the critical support we deliver.  With our help, companies have managed to grow and scale despite unprecedented challenges such as COVID-19 – and we want to continue to do more good work and reach more customers that are in need of services. This ranking is important not only from a peer review standpoint but also because it gives us more visibility in the market. It will help us to raise greater awareness about invoice financing and how it can help more businesses manage their cash-flow challenges.”

Founded in 2017, Accelerated Payments has become one of Europe’s fastest-growing FinTechs and a leader in the alternative finance sector. Through a flexible, innovative and affordable individual invoice financing service, the company addresses cash flow problems for businesses.

A simple client portal allows companies to upload and choose invoices to be funded. Once payment has been approved, it is typically processed within 24 hours.

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A few trends emerged over the past year. These include an increase in exports from countries outside the EU post-Brexit, and longer payment terms.  Accelerated Payments has stepped up to provide support during this critical time, as the company has experience with SMEs trading internationally – and is a key strength that sets it apart from other fintech providers.

Accelerated Payments is a global company with offices in Europe, North America and the UK. They have the network and expertise to finance exporters who invoice globally.

Business Money was founded in 1993 as an industry journal for banking and commercial finance. It is available digitally and in print in the UK, as well as in 90 other countries that consider the UK to be a leader in software support and product innovation.

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