Nucleus Commercial Finance celebrates 10 years

Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, celebrates its 10 year anniversary, following a year in which the lender paid out over £450 million to businesses.

Over the last decade, Nucleus Commercial Finance has supported 8,000 businesses across the UK and lent more than £2bn to support SMEs in achieving their ambitions.

Highlights from the last 10 years include:

  • Supporting a wide range of businesses across every sector including Wholesale & Retail (18%), Construction (12%) and Admin & Support (8%) through unsecured products
  • Launching new products to market, including Asset Based Lending solutions, Property Finance, Business Cash Advance and more recently Business Growth Loans
  • Bringing the best technology to the industry, making it easier for businesses to access finance at speed, with the launch of automated lending in 2019
  • Launching its award-winning introducer CRM myNucleus in 2019
  • Providing a steel business with a £15 million facility that saved a 30 year old business and 600 jobs
    Supporting businesses impacted by the Coronavirus pandemic through the Coronavirus Business
  • Interruption Loan Scheme (CBILS) and Recovery Loan Scheme (RLS)
    Growing the team from 3 employees to 134

Chirag Shah, CEO, Nucleus Commercial Finance, said: “We’re delighted to be celebrating ten years of supporting UK businesses. I founded Nucleus to solve the challenges that SMEs faced in accessing finance, providing them with flexible funding solutions that fit their needs and I’m proud that the team we have built is doing exactly this today.

“Through Open Banking, machine learning and AI, we have transformed the ways SMEs can access finance, demonstrating the vital role fintech lenders play in providing support for businesses to survive and thrive in the current environment. We’re excited for the next stage of our journey and continuing to deliver what the industry wants and needs, with the ultimate goal of delivering funds to SMEs within seconds.”