Fintech Equipal has received £16.25 million from Altum Capital to transform how small British businesses finance industrial machinery, vehicles, and equipment. Its platform replaces slow traditional processes with a system that evaluates credit and approves funds in a single step, offering agility to businesses that need to modernize.
A unified platform that accelerates business credit 🚀
Equipal's system integrates credit evaluation, documentation, and disbursement into a single digital interface, eliminating the typical bureaucracy of banks. It uses real-time data to analyze the creditworthiness of small businesses, enabling financing from a van to an industrial press within hours. For citizens, this means local businesses can access capital faster to grow or upgrade their equipment.
Goodbye paperwork: now the bank is an app that doesn't ask for three stamps 😅
Until now, applying for a loan to buy a machine was like booking a dentist appointment: slow and painful. Equipal arrives with the promise that in a single click you can have the money, without having to swear on a stack of forms. Of course, the artificial intelligence still won't make you coffee while you wait for approval; for that, better stick with the office machine.