London based SME financing firm raised £5.4m in Series A funding led by Velocity, Arab Bank Ventures, IAG and WeHo Ventures.
"Access to finance is the number one issue facing SMEs, but they have traditionally been an underserved customer segment. Finance is data-driven and borderless. With the influx of new lenders into the market, Swoop is able to connect SMEs with the funding they need wherever they are in the world. To date we've helped our customers secure £500m to grow their businesses."