ING takes stake in UK fintech platform for SME funding

ING takes stake in UK fintech platform for SME funding

ING takes stake in UK fintech platform for SME funding

The FINANCIAL -- Funding Options is keen to use the new capital to further develop the platform, increase the number of sales staff and further expand internationally.

Funding Options was founded in 2012 in the United Kingdom. In June, ING and Funding Options announced that they would be introducing the platform in the Netherlands as a new platform for funding Dutch SMEs, offering financing from both ING and rival providers.

Funding Options is one of the first platforms in the Netherlands where SME operators can obtain funding from different providers. It's important to ING for SME operators with a good plan to have access to the best options and widest selection and to be offered the best funding option. By setting up the platform with Funding Options, ING will also take an important step in its innovation strategy to create an open platform in financial services.

ING Ventures, ING's investment arm that invests in fintech companies, is responsible for the investment.