Financial Intermediary and Broker Association (FIBA) has teamed up with Alternative Business Funding (ABF) to create ‘FIBA Funder Finder’, a white-labelled lender sourcing solution for commercial finance, available exclusively to FIBA members.
The joint initiative allows FIBA members digital access to lenders and products which may fall outside their usual routes for bridging, development and term commercial property finance for both purchase and refinance.
The partnership aims to help FIBA members find the right funder for business finance to suit their clients’ needs, not only providing an additional service, but adding to their own proposition as a financial intermediary.
Adam Tyler (pictured), executive chairman of FIBA, said: “It is now impossible to ignore the way in which technology is revolutionising the commercial finance lending sector and many advisers might be wondering how the tech revolution can possibly help their businesses. I believe ABF’s platform aligns with the aims of FIBA, and those of SimplyBiz as a whole, to introduce efficiencies to the advice process which improve outcomes for both the intermediary and their clients.”
Adam Tavener, ABF and Funder Finder chairman, added: “We are delighted to be partnering with FIBA. Its adoption of the Funder Finder tool is a major vote of confidence in this technology, whose mission is to provide fast, fair and transparent access to finance to all businesses, no matter how large or small. Businesses that are properly tech-enabled will continue to enjoy significant benefits that flow from an enhanced customer experience and thus loyalty. The direction of travel is unmistakeable and progress around these kinds of automated customer journeys will continue to accelerate.
“Far-sighted businesses already know this and are ensuring they stay ahead, as is the case here with the Funder Finder tool providing a whole new type of technology to members and customers of FIBA.“