Specialist invoice finance provider, Optimum Finance, has been accepted onto the UK government’s Innovate UK Scaleup Programme. Innovate UK is the UK’s innovation agency providing funding and support to organisations for new products and services. The programme supports a select group of companies on a journey to exponential growth and the initiative will help Optimum Finance scale up to help many more UK SMEs gain access to funding.
The programme is designed to support highly innovative, ambitious, high-growth oriented companies already on their scaling journey, whose innovations or business models can disrupt an existing market, and who are establishing or already implementing their international markets strategy, states the press release. High-impact engagement and early-stage outcomes can include access to finance, investment readiness or internationalisation plans.
CEO Ant Persse commented “This is a huge win for Optimum. We have big plans for how businesses can access the funding they need for day to day running and growth, driven by improved service and technology. We’re reinventing invoice finance with simplicity, speed and convenience at the heart of what we do. To be described as having the potential for exponential growth is fantastic and Innovate UK will accelerate us towards our future plans and products.”
Maxine Adam, Head of Business Growth at Innovate UK, said of the programme: “Admission onto the Scaleup Programme is a rigorous and highly selective process. To be eligible, selectors look for innovative, ambitious, high-growth oriented companies that are already on their scaling journey. Optimum Finance is a perfect candidate in this respect and, together with EEN, we are looking forward to helping them scale up, drive growth, and realise their potential as a high-performing and world leading business.”