Funding Bay/FBX Capital has reported a 320% revenue increase over the past financial year as UK SMEs increasingly turn to alternative lending.
The London-based finance debt advisory group has also grown its team by 70% in just six months, from 30 staff in December 2024 to 51 professionals by July 2025.
Founded in 2017, the London firm helps small and medium-sized businesses secure funding through alternative channels – a sector that has expanded rapidly amid high interest rates, inflationary pressures and tighter bank lending.聽
Alternative and challenger lenders now account for around 60% of new SME lending, which is their highest ever market share.
Funding Bay/FBX Capital completed 994 lending deals in 2024 worth over 拢140m and has already facilitated 717 transactions totalling more than 拢100m in the first half of 2025.聽
Deals range from 拢10,000 to 拢20m across industries including manufacturing, retail, technology and hospitality.
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鈥淭he challenging economic climate has meant SMEs are actively seeking support beyond traditional banking channels,鈥� said Alex Fenton, partner at Funding Bay/FBX Capital.
鈥淲hile high-street banks have tightened their lending criteria, alternative lenders have stepped forward to offer rapid, flexible funding solutions.
鈥淔unding Bay/FBX Capital鈥檚 growth directly reflects this market shift. We鈥檙e committed to helping companies secure the funding that they need to navigate these challenging times and capitalise on market opportunities.鈥�
The company has also strengthened its leadership team with the appointment of Jack Rowe as sales director.聽
Rowe, previously commercial finance manager, has been with the business for more than two years and brings over a decade of sales experience.
He said: 鈥淚鈥檓 delighted to take on this new role during a strong period of growth for Funding Bay.
鈥淭he demand from businesses seeking alternative funding solutions has never been greater, and I鈥檓 pleased to be supporting the company’s mission to connect entrepreneurs with the capital they need to thrive.鈥�
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