Skip to main content

Channel responding to increasing need for rapid data-driven lending for SMEs

 

AMSTERDAM/LONDON – July 4th, 2022. Channel is launching its new fintech branch, Channel Digital Europe based in the Netherlands. The mission of the company is to break down barriers to business with fast, fluid finance. By combining advanced analytics such as machine learning with a rich set of traditional and alternative data, the company can respond to the rapidly growing demand for a seamless digital SME lending experience. Managing Director Rob Retèl will oversee the new branch in the Netherlands.

Alternative data and APIs are used to power credit and fraud assessment to enable rapid client onboarding; funds can be deployed in less than 24 hours, providing SMEs with rapid access to the funds needed to support their business.

The combination of technology and alternative data such as open banking and open accounting provides Channel Digital Europe with an enhanced view of the SME profile; this greater transparency can lead to increased approval rates for SMEs which overcomes the historical issue of slow approval time and low approval rates.

Managing Director Rob Retèl sees the demand for digital business finance increasing daily:

“In the Netherlands there are now 270,000 companies that will have to repay a total of 20 billion euros in deferred taxes from October. Because regular banks are not an option for many entrepreneurs, the demand for flexible loan products will grow explosively in the short term. We want to be able to provide them with a quick, clear and fair offer to stay financially healthy.”

About Channel

Channel is an FCA-regulated full-scope AIFM, with an impeccable track record of regulation and compliance. Since 2014, we have managed more than $9 billion in assets across a variety of working capital financing, including trade receivables, inventory, and supply chain financing. Channel has invested significantly in developing proprietary systems using APIs, Open Banking, and cloud-based technologies to help businesses provide financing. Our technical infrastructure enables seamless onboarding of partners and investors and facilitates a fast and efficient digital lending experience.

For questions about the company

Rob Retèl – Managing Director
+31 6 28 51 84 56
rob.retel@channelcapital.co.uk

 

Note for editors

For more information, please contact Barbara Willems of PR Matters via Barbara@prmatters.nl or call 06-4480 2699.

The Dutch Translation of this copy can be found here.