Studio Ten

Finance Machine Expands its Small Business Loans With FreeAgent

News   •   Jul 31, 2013 19:52 BST

Finance Machine, the only UK-based provider specialising in business funding for online retailers, has today announced that it has integrated with Free Agent, the leading online money management and accounting tool for SMEs.

By integrating with FreeAgent, Finance Machine can instantly assess the performance of an ecommerce business using the FreeAgent platform together with an online selling account, to offer straight-forward, affordable finance of £500 – £50,000.

The partnership quickly follows’s integration with Magento earlier this month, providing online sellers with more ways to connect their ecommerce business to iwoca and access the funds they require to grow.

To celebrate this milestone, Finance Machine is offering the first month interest-free to the first 50 FreeAgent customers who apply successfully for a loan.

Since launching in March 2012, Finance Machine has issued thousands of small business loans to online retailers to develop their business by providing access to fast, flexible funding. Finance Machine’s dedicated account managers take the time to understand customers, their business and their business ambitions, to provide them with a tailored finance plan to help them grow.

The CEO and co-founder, said:

“Finance Machine is here to shake up traditional business lending and our integration with FreeAgent is further evidence of our rapidly expanding presence in the world of ecommerce. We’re really looking forward to working with ecommerce businesses using FreeAgent’s platform and helping them to take advantage of the opportunities that come their way.”

Ed Molyneux, CEO and co-founder of FreeAgent, said:

“We’re delighted to announce our partnership with Finance Machine and look forward to working closely with them in the future. They are pioneering an important way for online retailers in the UK to find funding for their business, and I’m sure this will be hugely beneficial for the many online small businesses who use FreeAgent to manage their accounts.”

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