Author: admin

This morning, at the Goodwood Revival, TVR has unveiled its long-awaited new sports car.  Fiduciam is pleased to have partnered with TVR in putting a British icon back on the roads.

John Chasey, CEO of TVR said: “As an entrepreneur it is never simple to find finance these days, even when the principals come with a lot of experience and the business case is unquestionable.  Fiduciam made the difference for us, and their loan was one of the key components that made it possible to reach today’s important milestone of unveiling our new car”.

After one year of software development and implementation, Fiduciam has transitioned its lending business to a cutting-edge IT platform which provides a front-to-back marketplace solution with a highly scalable loan management system frequently used by challenger banks. ​This new solution streamlines and automates the origination and lifecycle processes, delivers major efficiency gains and permits to scale up lending activities in a controlled environment. The platform sets a new benchmark for marketplace lending and represents a very strong customer proposition, as Fiduciam’s clients will be able to witness.

Clint White has joined Fiduciam from Wellesley and has been appointed Head of Property Lending. Clint has held several senior roles at Wellesley since its establishment and has 12 years of experience in specialised property lending.

This hire represents a major step forward for Fiduciam, which has been going from strength to strength since it started lending in early 2015. Fiduciam plans to make further hires in the coming months to build out its underwriting capacity.

Fiduciam joins the Association of Short Term Lenders (ASTL).  This addition takes the ASTL’s membership to 33.  The ASTL also has 23 associate members.

Johan Groothaert, director at Fiduciam says, “Whilst entrepreneurs and small companies are the most dynamic part of the economy, generating wealth and jobs, nowadays it is often difficult for them to obtain loans from high-street banks, and we are pleased to assist in filling this gap.  In order to create a sustainable financing environment, it is important those loans adhere to the highest standards and that is why we are glad to join the ASTL, which has been championing the principles we fully subscribe to.  We look forward to creating strong working relationships with other members of the ASTL and sharing our own ideas, experiences and skills in order to make a valuable contribution to the association and help to shape the lending market.”

Benson Hersch, chief executive of the ASTL says, “The ASTL is pleased to welcome Fiduciam as its newest member.  Fiduciam brings fresh ideas, innovation, experience, knowledge and market intuition.  This new partnership adds to the growing diversity of the association and helps us to continue strengthening our commitment to raising industry standards.”

Fiduciam granted £27,372,389 of loans in 2015, helping entrepreneurs to grow their companies and to create jobs. This lending total exceeds Fiduciam’s 2015 objective and represents a successful end to Fiduciam’s first year of lending.