UK - BayTech VC makes £3.5m investment into smartfundit.com
BayTech Venture Capital has invested ТЃ3.5m into smartfundit.com, an online finance exchange.
Smartfundit.com was launched in the UK in 2006 as a way to improve the efficiency of technology leasing. Since the business' launch, more than $1bn in finance requests has come through, with a credit approval rate of more than 80%. The firm's UK office is in Surrey, and it has since opened a US office in San Francisco. Currently smartfundit.com has three people on its management team and another three on its executive team.
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