SME funding platform partners with Hiscox

SWOOP, a new small- and medium-sized enterprise (SME) funding platform, has partnered with Hiscox on the insurer’s business accelerator portal.

Swoop, which is a re-brand of BizFly, connects businesses in need of finance with over 400 lenders including peer-to-peer platforms such as Funding Circle and Growth Street.

It said on Thursday that it has teamed up with Hiscox on the insurer’s new portal, which has been built to help SMEs run and scale their businesses. “SMEs can use the portal to save precious time as Hiscox have handpicked a range of useful services which businesses can avail of through the portal,” Swoop said. “One of the great free services on the platform is GDPR training.”

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SMEs can use Swoop to launch a funding search to see what solutions are most appropriate, either by integrating their Xero account or by filling in a form.

The company is aiming to add a number of features to the site in the coming months including Open Banking API integration.

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