Tech

OKR Financial Announces £ 20m Bridge Financing for UK SMEs and Technology Startups

One of the biggest challenges for small and medium-sized enterprises (SMEs) is getting reliable funding. This is certainly difficult for companies in certain sectors after the COVID-19 pandemic.Debt and Equity Finance Providers to Help UK SMEs in Current Situation OKR Financial Announced that it has launched a £ 20m fund.

Undiluted fund

It can be important for technology starters and SMEs to raise the right amount of undiluted funding at the right time. With this in mind, OKR Financial Announced A new £ 20m fund that provides cash injections to help tech companies “achieve milestones much faster than traditional technology finance options.” Loan providers’ venture debt options include government program lending, asset-backed loans, and traditional equity funds.

SMEs and SMEs may have to wait 3-6 months before receiving HMRC tax deductions and other government funding programs (GFP). Here comes a new fund. The fund also adheres to the company’s £ 108.56 million ($ 150 million) fund model previously introduced in Canada. This allows companies to borrow from HM Revenue and Customs’ tax deductions and expected future revenues from government subsidy programs.

Longer runway

OKR Financial was founded by Managing Partners Dr. Jason Neale and R. Stewart Thompson. The duo already has extensive knowledge of the UK ecosystem. “I’m excited to launch a £ 20m fund to support the UK startup, scale-up and technology ecosystem and provide financial support when needed most. As a startup investor, I’m excited. We love how we help early-stage companies get the runways they need to grow, expand and withdraw in the right time frame, ”says Thompson.



OKR Financial Announces £ 20m Bridge Financing for UK SMEs and Technology Startups

Source link OKR Financial Announces £ 20m Bridge Financing for UK SMEs and Technology Startups

Back to top button