Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
iStock 1395461893 - Business Express
Hand growth improvement arrow up success business profit background of goal forward achievement graph diagram icon or increase financial direction stock chart sign and motivation development strategy.

Rapid growth sees Simply Asset Finance hit £1 billion lending milestone


  • Company hits lending milestone after funding over 27,600 assets
  • Simply Asset Finance has served small and medium sized businesses in sectors including transport, construction, recycling, and agriculture
  • Its Loan Book grew by 36% in 2022

Simply Asset Finance surpasses £1bn lending milestone just five years since its 2017 inception, having funded over 27,600 assets for businesses across the UK.

The business was founded by a team of asset finance specialists in response to the overly-complicated SME financing process generating low approval rates in the UK. It has since grown to a team of 127 members and has so far served over 6,000 customers.

This landmark comes at the end of Simply Asset Finance’s fifth year of trading and is largely due to the business staying open and expanding during the pandemic. It has provided bespoke finance solutions with its market leading technology, allowing customers and brokers to feel supported by the service and able to grow and maintain their businesses. During 2022, its Loan Book grew by 36% and Simply Asset Finance was proudly placed in the top 50 of the FT1000 fastest growing businesses in Europe and in the top five for financial services.

During its growth, Simply Asset Finance has worked in a wide range of sectors including transport, construction, manufacturing, recycling, and agriculture. It’s active across England, Scotland, Wales and Northern Ireland with on-the-ground experience in each area.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

The technology at the centre of the business was built from a complete rethink of what lending should be, allowing service levels to significantly improve without added complexity. The data models take multiple factors into account, not just a credit score, meaning real-time data can allow a multi-dimensional view of the customers’ ability to repay a loan, or, if needed by the customer, modify payment streams to fit new cash flow projections.

This is also paired with a strong team of experts and trusted broker partners across the UK who customers can trust to fully understand their businesses and deliver a seamless funding experience. Simply Asset Finance believes in its customers’ potential and is committed to helping them achieve it by investing time in understanding each business and the requirements.

Mike Randall, CEO at Simply Asset Finance, said: “SMEs account for over 60% of the UK economy, yet historically have been overlooked by governments and underserved by banks. It is essential they have access to suitable funding options so they can grow into the businesses the economy needs, especially in a time of continued economic turmoil.

“This is where Simply has been an industry game-changer. We have built a company that serves all SMEs to allow them to grow and thrive. Our technology enables us to look beyond the balance sheet, and when paired with our in-house expertise, has been the core driver behind our rapid, and projected, growth.”


Recent Post: