Spark Intel

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐧𝐞𝐲𝐟𝐚𝐜𝐭𝐬 𝟐𝟎𝟐𝟒 𝐀𝐰𝐚𝐫𝐝 𝐖𝐢𝐧𝐧𝐞𝐫𝐬! 🏆 𝐁𝐞𝐬𝐭 𝐔𝐬𝐞 𝐨𝐟 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐢𝐧 𝐒𝐌𝐄 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 Last week marked a significant milestone for our team here at Spark Finance, as we proudly received recognition from Moneyfacts Group plc for our pioneering efforts in applying technology to SME lending by scooping the Business Moneyfacts 2024 Award for 'Best Use of Technology in SME Finance'. This accolade is not just an achievement; it resonates deeply with our mission to revolutionise the SME lending landscape through technological innovation and serves as validation that our two key products address a real need in the market. 𝐒𝐩𝐚𝐫𝐤 𝐂𝐨𝐧𝐧𝐞𝐜𝐭: Our White Label platform, Spark Connect, offers a valuable tool for various businesses, including manufacturers, suppliers, FX firms, and more. It enables them to seamlessly provide debt products to their customers, empowering them with financial solutions tailored to their needs. 𝐋𝐞𝐧𝐝𝐞𝐫 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Our Lender Solutions product leverages AI to automate critical processes for lenders. From analysing financials to generating report content and conducting searches, our solution streamlines operations, enhancing efficiency and enabling lenders to make informed decisions swiftly. Here's a glimpse into what sets Spark apart: 📁 𝐃𝐚𝐭𝐚, 𝐃𝐚𝐭𝐚, 𝐃𝐚𝐭𝐚: Comprehensive data forms the foundation of everything we do. With over 5 million UK business records meticulously curated from 60 diverse public channels, we ensure that our data undergoes rigorous testing against various benchmarks. 🤖 𝐀𝐈 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: Our proprietary algorithms utilise APIs to collect data and seamlessly analyse it against a tailored set of criteria. Infused with years of market experience, our AI-driven approach optimises benefits for lenders, ultimately enhancing the lending experience for SMEs. ✅ 𝐒𝐩𝐞𝐞𝐝: Efficiency is key, and technology enables us to achieve just that. Using AI we've accelerated the qualification process for new businesses by a staggering 75%. This translates to tangible savings of over £400 per Business Development Manager per month, underscoring the real-world impact of our technological innovations. The award sits proudly in our London office, a testament to what our incredible team has been able to deliver in a short space of time, and an inspiration to continue to develop and deliver value to our partners, positively affecting the industry. If you're curious to learn more about our solutions, we invite you to reach out. We'd be delighted to welcome you to our office for a discussion and a deeper dive into what makes Spark a game-changer in SME finance. A heartfelt thank you to Moneyfacts Group plc and all of our partners for their unwavering support on this journey. Together, let's forge ahead towards even greater heights! 🙏 🌐 www.spark-intel.co.uk ✉ [email protected]

Experience the power of speed and precision... Coming soon - 𝐒𝐩𝐚𝐫𝐤 𝐊𝐞𝐲 𝐏𝐞𝐫𝐬𝐨𝐧 𝐂𝐡𝐞𝐜𝐤𝐞𝐫🔍 Spark platform will soon have a powerful new tool - 𝑲𝒆𝒚 𝑷𝒆𝒓𝒔𝒐𝒏 𝑪𝒉𝒆𝒄𝒌𝒆𝒓. It will analyse over 12,000 disqualified directors, 250,000 records at the Gazette, 500,000 individual insolvencies records, and other public data, to unlock insights in real time for our users. In a matter of seconds actionable results are delivered to our users, replacing long and time-consuming searches with instant assessments. Book a demo at https://lnkd.in/eNMGd6vt to find out more.

𝐇𝐚𝐫𝐯𝐞𝐬𝐭𝐢𝐧𝐠 funds for expansion At Spark, we’re all about 𝐫𝐞𝐚𝐩𝐢𝐧𝐠 the rewards of innovative financing, especially when it requires thinking outside the box. Recently, we helped a farming business raise funds for expansion. By utilising the client’s already owned assets, we aimed for Asset Refinance—a solution that not only met their financial needs but also 𝐲𝐢𝐞𝐥𝐝𝐞𝐝 significant savings on monthly payments. Dig into the details of this Case Study below!

𝐀𝐧𝐨𝐭𝐡𝐞𝐫 𝐩𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐟𝐞𝐚𝐭𝐮𝐫𝐞 𝐜𝐨𝐦𝐢𝐧𝐠 𝐬𝐨𝐨𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐒𝐩𝐚𝐫𝐤 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦, 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐝 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐟𝐫𝐨𝐦 𝐨𝐮𝐫 𝐮𝐬𝐞𝐫𝐬 𝐟𝐞𝐞𝐝𝐛𝐚𝐜𝐤! Our newest tool takes efficiency to the next level by automating the time-consuming task of scanning critical registers. 𝘕𝘰 𝘮𝘰𝘳𝘦 𝘮𝘢𝘯𝘶𝘢𝘭 𝘤𝘩𝘦𝘤𝘬𝘴! Spark will now automatically match directors and persons with significant control to bankruptcies in the Gazette, individual insolvency register, director disqualification register, tax defaulters list, and any associated business insolvencies. Stay tuned for the official release, and request a demo to be amongst the first to experience this game-changing feature! https://lnkd.in/eNMGd6vt

July was a strong month for us, recently highlighted at Spark Finance, we’ve helped secure over £15,000,000 for SMEs. Amongst all deals, one of the opportunities that stood out was a referral through 𝐒𝐩𝐚𝐫𝐤 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 from an 𝐅𝐗 𝐏𝐚𝐫𝐭𝐧𝐞𝐫. They were seeking an extremely niche product called 𝑳𝒆𝒕𝒕𝒆𝒓 𝒐𝒇 𝑪𝒓𝒆𝒅𝒊𝒕, which requires the specialised expertise our team proudly has and offers. Dive into the case study for a brief overview of this product and to discover further details on how a $4,500,000 Letter of Credit was issued for a client to facilitate the production and shipment of used cooking oil from the APAC region to the Netherlands.

Our latest 𝐈𝐧𝐯𝐨𝐢𝐜𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 for the month of 𝐉𝐮𝐥𝐲 is out now for Spark platform users!   July saw the highest number of invoice finance deals of the year, with one high street bank doubling its deals compared to July last year.   To find out how you can access this report and benefit from from our award winning business intelligence tool, get in touch with [email protected] https://lnkd.in/dAQSnFhd

𝐒𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐬 𝐭𝐮𝐫𝐧𝐞𝐝 𝐢𝐧𝐭𝐨 𝐚 𝐬𝐰𝐞𝐞𝐭 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧 In our latest case study, Spark's expertise and collaborative approach turned a challenging situation into a success story for a wholesale food business. Faced with adverse credit, recent borrowing, and documentation issues, our team, alongside a FX partner and a lender, implemented an invoice finance solution, allowing the business to purchase more stock and continue its growth.

𝐆𝐨𝐢𝐧𝐠 𝐛𝐞𝐲𝐨𝐧𝐝 𝐭𝐡𝐞 𝐨𝐛𝐯𝐢𝐨𝐮𝐬 We explored in this case study how Spark identified a more suitable financing solution for a client initially seeking asset finance. As the client wanted to finance a vehicle with high mileage, instead of losing time chasing what appeared to be the obvious option - asset finance lenders - Spark pivoted straightaway to an unsecured business loan, ensuring swift and efficient funding.

 📰📢💥 𝑩𝑹𝑬𝑨𝑲𝑰𝑵𝑮 𝑵𝑬𝑾𝑺

𝑵𝒆𝒘 𝒇𝒆𝒂𝒕𝒖𝒓𝒆 𝒂𝒍𝒆𝒓𝒕  𝐔𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐜𝐢𝐚𝐥 𝐎𝐰𝐧𝐞𝐫 𝐢𝐬 𝐧𝐨𝐰 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐒𝐩𝐚𝐫𝐤 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 Spark's latest feature instantly scales the ladder of corporate ownership to quickly present our users with the true people behind a business, the Ultimate Beneficial Owners. Developed to bring further efficiencies to users of our platform, this new tool expedites the qualifying and onboarding process for new lending opportunities. Request a platform demo to learn more https://lnkd.in/eNMGd6vt