A fintech lender is accelerating its UK expansion after surpassing £200 million in funding to small and medium-sized businesses.
Treyd, a trade finance and working capital provider founded in Stockholm, has now provided more than £200 million to British firms since launching in the UK in 2022.
The UK has become its largest market, with over 500 customers.
Bosses say the firm is now targeting a doubling of its UK customer base by 2027 as it seeks to capitalise on demand from SMEs it believes are underserved by traditional lenders.
Many of its clients operate in retail or require significant working capital to manage inventory and supplier payments, often borrowing up to £1 million in short-term finance.
Peter Beckman, chief executive and co-founder of Treyd, said: “Since launching here in 2022, the UK has quickly become our largest market.
“We’re enjoying real momentum, providing working capital support to ambitious businesses, and we see huge growth potential.
“In our view – and this is informed by our conversations with customers – UK SMEs have been and continue to be underserved by established lenders.
“Many banks are focusing on large corporates and businesses with collateral-like property, leaving a large number of SMEs without support for products like invoice and inventory financing.
“These products are essential as growth capital and for those needing to pay suppliers before they get money in from customers.”
Treyd has strengthened its credit and customer success teams across London and Stockholm to support its next phase of growth.
The fintech enables businesses to link their accounting software directly to its platform, allowing funding decisions to be made quickly, often within 24 hours.
Peter added: “The reality is that SMEs power the UK economy and they need strong funding partners to thrive.
“Our products give businesses the ability to trade with confidence.
“We’re very happy to be making this commitment and proud to be investing in the UK.”
Founded in 2019 by Peter and Sameh Al-Ansary, Treyd also operates in Sweden, Ireland, Denmark, Finland and Norway, positioning itself as an alternative lender focused on fast, flexible finance for growing companies.
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