
Clearpath Finance and Atom bank have provided around £1.2m of new business loans to Northern Irish SMEs in the first 12 months of their partnership.
The Northern Irish lending platform – which has over 50 different lenders committed to its platform – worked in alliance with the digital challenger bank to provide loans to a number of businesses across the region.
Commenting on the announcement, Conor Devine, director at Clearpath Finance (pictured above, left), said that the relationship it had developed with Atom bank over the last 12 months continued to grow stronger.
“To date and together we have delivered close to £1.2m of new capital to our economy and have committed in 2018 another £3.4m of funding, which is great news for our clients and Atom bank.”
Liam Brodie, national account manager at Atom bank, added: “We have been working with the team at Clearpath Finance now for just over 12 months and are delighted by the fact we have been able to deliver substantial funding to the local business community through [its] platform.
“We look forward to investing more funding into the economy and building the relationship with Clearpath, both in NI and throughout the rest of the UK.”
To date, Clearpath Finance has provided £30m of new loans to businesses across Ireland (Northern and the Republic) and the UK.
Also pictured: Peter Torrens, head of client acquisition at Clearpath Finance and James Gibbons, LLB director at Clearpath Finance
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...