UK: Growth Street to become first P2P SME lender on Starling Bank’s marketplace

SME focused peer-to-peer lender, Growth Street, will become the first of its type to be available to businesses via Starling Bank’s marketplace, joining the other various range of services available such as pensions and insurance.

Greg Carter, chief executive at Growth Street, outlines the aim of the collaboration “Growth Street shares a vision with Starling: we both want to help businesses grow and prosper”.

Growth Street’s flagship product, GrowthLine, operates in a similar manner to an overdraft, where business customers can acquire funding and repay on their own terms, within reason and providing it does not exceed their limit.

Existing Growth Street customers will be able to access GrowthLine via Starling Bank’s marketplace, along with further access to information regarding their available funds and facility limits in real time.

The availability of Growth Street’s flagship product via Starling Bank’s marketplace is due to go live later this year.

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