Previous Post
Our comments and trackback policy You Link We Follow, You Comment We Promote
Smartfundit, a UK based startup that is working to develop the world’s first online technology finance exchange, has raised GBP3.5 million in venture funding from BayTech Venture Capital, a leading European venture capital firm. The funding will be used to expand globally and speed up the development of the technology exchange. The exchange once operational will allow companies to bid up or sell their services on a global exchange.
Commenting on the announcement, Jude Ngu’Ewodo, General Partner at BayTech, explains: “We quickly realised that the smartfundit online business model is the much needed answer to the many inefficiencies of conventional technology leasing. With over $1 billion in finance requests since inception and a credit approval rate in excess of 80%, the relevance of smartfundit is well established and the company is growing considerably faster than the current market.”
