Irish government supported company Swoop works with over 1,000 providers to help small and medium size businesses access funding;
Following success in the UK, Ireland, and Australia, business funding and savings platform Swoop is now available in Canada. The company, which is backed by Enterprise Ireland, enables businesses to easily discover the right funding solutions for their needs. Swoop’s advanced algorithm analyzes capital opportunities available to companies across loans, equity and grants, and matches them with relevant funding solutions – simplifying and speeding up access to finance for a business.
“Swoop is more than just a technology, it is a pathway to capital. Finding the right funding solution can be a daunting and complex process for companies seeking to grow, so our platform and our team are ready to help guide and manage a company’s application,” said Daire Burke, Head of Canada, Swoop. “We’re very excited to now offer Swoop to the Canadian market. It has proven successful in Australia, the UK, and Ireland, and we are confident that it will become an invaluable tool for Canadian companies looking to raise and save money.”
The Swoop platform works with more than 1,000 funding providers from mainstream banks, alternative lenders, venture capital funds, angel investors, and grant agencies to save business owners time in researching funding opportunities. Instead, they are provided with a personalized list of funding providers to choose from. The platform provides users with a centralized location for all of the financial resources, information, and advice they need right at their front door.
“Swoop is a fast-growing finance solution that enables small and medium-sized businesses to access funding that is critical to their growth and success,” said Kevin O’Donnell, Senior Vice President, Enterprise Ireland. “Launched in the UK and Ireland in 2018, Swoop is an extraordinary example of an Irish company that has dominated the financial sector in international markets. The company saw a gap in the market for a consolidated open banking and funding reference provider in Canada and together we’ve been able to develop the partnerships needed for it to successfully service businesses throughout the country.”
Aside from its funding services, Swoop also assists companies in the search to find saving opportunities through its open banking technology which enables firms to see potential savings and switch their expenditure on banking, foreign exchange, utilities, and insurance. Guidance is provided for, among other things, business current accounts, international payments, energy, bad debt protection and recovery, and insurance. Swoop was named in the ‘Hot Ten’ list for the Global Fintech 50 for 2019.
To find out more about Swoop’s services: https://swoopfunding.com/ca/
