The funding milestone reflected the number of invoices purchased and loans made since the business finance lender was established in 2012.
Commenting on the announcement, Martine Catton, chief operating officer at Catalyst Finance (pictured above), said that 2018 was looking to be a hugely successful year for the business.
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“Not only have we hit this fantastic milestone, but we’ve also expanded our product offering to provide wider funding options for intermediaries and the SMEs who are in need of short-term finance.
“This achievement comes off the back of our successful half-year results, too.”
Martine added that the business was going from strength to strength.
“We pride ourselves on providing flexible finance solutions and being able to adapt to the ever-changing needs of our clients, the wider SME community and, of course, our valued intermediaries.
“We have great plans for the rest of the year, 2019 and beyond, which will help us to achieve our impressive growth aspirations.”
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