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Our partnership with Funding Xchange 

We've partnered with Funding Xchange to give our customers the chance to compare lending options for their business needs.

2 min read

Here at Mettle, we believe that our customers should have a choice when it comes to lending because every business is different and has different lending needs. Some are looking for flexible, short-term cash flow solutions whilst others might be looking to invest in a bit of kit to help them grow their business. By partnering with Funding Xchange, we’ve given our customers the chance to compare lending options for their business needs.

In this Beta launch, we’re rolling out the Funding Xchange partnership to a few of our Limited Companies to kick the tyres and test it out before we roll it out to all Mettle customers later this year. 

Who is Funding Xchange? 

Funding Xchange is a lending marketplace that gives you options from 45 lenders, including unsecured and secured loans. 

Why are we partnering with Funding Xchange? 

Partnering with Funding Xchange gives us the opportunity to give our customers access to a range of providers on the market from a single service straight from the Mettle app.

Through the partnership, you could also compare a range of NatWest lending options. If your business is eligible for these offers they will be shown on ‘Your Offers’ page on Funding Xchange’s website, alongside other eligible lenders from across the market. 

Who can access the partnership?

At the moment we are piloting the partnership with limited companies only. If you’d like to access this feature, please let us know by contacting Support in the Mettle app.

Debt vs equity: 

For some businesses, the answer to funding will be debt whilst for others, it might be a mix of debt and equity investment or something completely different altogether. 

If you’re just getting your business off the ground, you may benefit from; 

  • Start Up Loans

  • being part of an Accelerator programme

  • government incentive or grant

  • angel investment

  • Crowdfunding

Making these tough funding decisions often depends on the nature of your business, your ambitions and your business’ growth stage. Sometimes, businesses find the benefit of equity funding means they can access skills, guidance and coaching to help drive their business forward, which they see as a critical advantage. 

If you’re not sure what the right funding mix is for you and your business, or you’d just like some more information read more over on Funding Xchange’s blog. 

How to apply

  1. Go to the Account screen in your Mettle app

  2. Tap ‘Apply for a business loan’

  3. Follow the in-app instructions 

  4. You’ll be redirected to Funding Xchange’s website to finish the application

The Mettle account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution regulated by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. Financial Services Compensation Scheme (FSCS) protection does not apply to electronic money institutions. Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Registered office: 250 Bishopsgate, London, United Kingdom EC2M 4AA

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