Case Study: Growth Lending enhances payment speed and FX access with Currencycloud

Growth Lending Enhances The Experience Of Its Sme Clients With Currencycloud Partnership

Growth Lending is an alternative finance provider founded in 2013 to support UK SMEs and mid-market firms. As its customer base grew, the company was using multiple banking providers and a several-step manual payment process, which slowed its ability to process client funds efficiently and made it harder to spend time supporting customers.

Growth Lending embedded Currencycloud’s API into its existing platform to simplify payments and FX management. With Currencycloud, payment runs are completed several hours earlier, cash allocation can be instructed every 15 minutes, and Growth Lending can efficiently process millions of pounds in payments every day. The company also gained access to competitive FX rates and multiple currencies, while saving four hours per day on manual work.

Growth Lending

Faye McDonough

Growth Lending Director Portfolio and Business Operations