SME News UK Enterprise Awards 2025/ 26 Nationwide Business Finance Provider of the Year 2025 – London A fintech company established in 2023, multifi was created to support SMEs in the UK by providing them with access to fast, accessible business finance. In delivering these critical cashflow solutions for small businesses, multifi is successfully addressing some of the critical challenges that often cause SMEs to fail. With a pledge to, “take the faff out of finance” through the provision of its streamlined, user-friendly online credit platform to boot, multifi is successfully diversifying access to credit throughout the nation. The company’s Director of Marketing Kris Makuch was on hand for more. Despite SMEs comprising 99% of the companies in the UK and employing more than 15 million people throughout it, they often struggle to attain the credit they need to not only grow but thrive in today’s dynamic business landscape. Well aware of this fact, multifi serves established, UK-based SMEs that have been trading for at least one year, with its client base today spanning businesses with ten employees and an annual turnover of £50k through to bigger operations with teams of 250 and multi-million-pound turnovers. At the heart of the company’s services is a revolving credit facility, a platform that offers unsecured business credit from as little as £5k to as much as £350k. Credit limits are set at a maximum of 15% of the turnover the business experienced in the last 12 months, with the funds being offered at competitive fixed rates with no setup fees. The application process can all be done online and is incredibly quick, often taking no more than three days for the completion of onboarding. Similar swiftness is then experienced across every stage of a client’s journey, with fast eligibility checks paving the way for an instant indicative credit limit assessment. Not only can the platform then be used to make payments directly to both UK and international suppliers and manage funds, but the revolving credit functionality mentioned above also means businesses are able to borrow, repay, and borrow again without reapplying. “multifi’s platform integrates with open banking and credit rating agencies to provide real-time credit analysis, creating a streamlined experience for businesses. We also offer a partner programme for introducers (such as brokers and accountants), providing them access to the platform to refer clients and earn commission.” Supporting multifi’s innovative approach to business finance is a set of core principles and a series of daily aspirations, with these revolving around such cornerstones as empowerment, simplification, support, consistency, dynamism, and challenge. Integrating these into its operation every day, these elements shape everything from the design of its platform to its customer relationships, building towards the brand’s long-term vision of reducing the statistic that 82% of small businesses fail due to cashflow issues. In order to permanently change this concerning figure, multifi is well aware of how important it is to stay one step ahead of other businesses operating in the wider fintech and business lending industries. Technological innovation is the primary way this is being achieved, with the company’s proprietary platform solution having already onboarded more than 2,000 SMEs and funded loans in excess of more than £150m – thanks to such features as real-time credit analysis, paperless onboarding, and digital contract signings. Of course, this is not to say that the human impact has been lost, as multifi remains a people-first organisation. Its leadership team, for example, possess diverse experiences and have worked for such multinational banking firms as Barclays, Citi, and HSBC. With these experiences to boot, the company is a built on a foundation of deep industry knowledge and a willingness to do something different – bridging the gap between SMEs and the larger corporate customers many like-minded fintech organisations focus on. Continuing to serve this largely untapped market is multifi’s primary aim as we move through the rest of 2025 and beyond, and a big part of how the company will do this is by streamlining many of the features of its platform to appeal to a broader audience. Whether it is expanding payment functionality or enhancing capabilities so that customers can set up funds from their existing current accounts, all of these initiatives point towards increasing serviceability whilst also supporting better cashflow. In a world where technological sophistication is the norm and many of the bigger companies in this space focus exclusively on the 1%, multifi’s refreshingly simple approach to innovation sees it appeal to the 99% - time-pressed SMEs that simply want to access capital without having to first become financial experts. On the back of this, the company is a fitting receipt of this award and a place in the programme. Contact: Kris Makuch Company: multifi Web Address: https://multifi.co.uk/
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