Nucleus Commercial Finance Recognized as “Best Overall Business Lending Company” in 2023 FinTech Breakthrough Awards Program
“As a fintech lender, we are continuously working hard to innovate in the finance sector to offer both our clients and partners the best and most streamlined journey in our industry” – Chirag Shah, Founder and CEO, Nucleus Commercial Finance
LOS ANGELES (PRWEB)
12 April 2023
FinTech Breakthrough, an independent market intelligence organization that recognizes the best 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 “Best Total Business”. Lending Company” award in the 7th annual FinTech Breakthrough Awards program. In 2022, Nucleus received the “Business Lending Innovation Award” from FinTech Breakthrough.
Nucleus Commercial Finance provides UK SMEs with alternative financing options. The company’s product range is designed to package solutions that suit the needs of each business they work with, and the team of specialists has experience in both business finance and banking. Whether an SME requires cash flow financing, property financing or income-based lending, Nucleus offers financing solutions at speed.
Nucleus’ automated underwriting model leverages artificial intelligence and machine learning to get decisions and funds out quickly. To streamline the journey for their brokers, Nucleus built myNucleus, an introductory CRM platform that brings everything they need in 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.
In addition, Nucleus recently launched Pulse, a data insight tool for SMBs. Through Pulse, Nucleus delivers game-changing insights every month to anyone who signs up – and completely free¬ Their AI pulls information from a user’s accounting software and bank accounts to provide financial insights covering their revenue, profit, gross margin and liquidity, as well as creating automated management accounts and balances in seconds.
“Many SMBs don’t know how to get the most out of their data – if they even know how to find it and structure it in the first place. Not all businesses can afford the resources to do this, and it is often the last hurdle standing in the way of businesses accessing the funding they so desperately need and deserve,” said James Johnson, CEO, FinTech Breakthrough. “Nucleus combines the stability of bank financing with the flexibility and speed of alternative lending platforms. Their use of technology helps SMEs access short, medium or long-term financing that helps their business grow. We are pleased to recognize them as our 2023 ‘Best Overall Business Lending Company!'”
The FinTech Breakthrough Awards is the premier awards program founded to recognize FinTech innovators, leaders and visionaries from around the world across 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 around the world.
“It’s amazing to win a second prize from FinTech Breakthrough; one that recognizes the whole company is even more special to us. We’re on a mission to make solution-driven finance accessible to more businesses than ever before – without rigidity or bureaucracy. We support emerging companies with the funding they need and help them thrive and grow,” said Chirag Shah, Founder and CEO, Nucleus Commercial Finance. “As a fintech lender, we are continuously working hard to innovate within the financial sector to offer both our customers and partners the best and most streamlined journey in our industry. We believe in Fintech as a Force For Good, so we empower SMEs with their own data so they can make better, bolder and ultimately 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 worldwide, the FinTech Breakthrough Awards program is dedicated 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 is a leading Fintech that ensures that businesses get tailor-made financing solutions at lightning speed. They are armed with best-in-class technology, enabling them to deliver decisions and remedies quickly, 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 technology has meant they are able to streamline and automate the entire application process to deliver a seamless, effortless funding journey for both direct customers and the introducers they work with. Nucleus has supported £2.6 billion in lending since its inception.
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