Momenta Finance provides £150,000 growth funding to tech business

Momenta Finance has provided a £150,000 unsecured business loan to a UK-based technology company, supporting its expansion plans and providing additional working capital to fund larger stock purchases.

The 36-month facility, arranged through Michael Joyce, Senior Funding Associate at Risecap, carries an interest rate of 15.60% and will enable the business to increase stock levels while maintaining flexibility to manage its ongoing operational costs.

The unnamed technology company specialises in developing smart storage solutions that help organisations securely store, charge and manage shared electronic devices.

Its products are designed to improve operational efficiency by ensuring devices remain secure, charged and readily available for use.

As the company continued to expand, it required additional funding to invest in larger stock batches and strengthen its working capital position.

Increasing stock purchases meant committing capital before products could be sold and revenue received, creating a need for additional financing to support growth without placing pressure on day-to-day cashflow.

Momenta Finance structured the unsecured business loan to meet the company’s funding requirements, providing additional working capital to support stock investment and future growth opportunities.

The facility will allow the business to manage larger stock commitments alongside its existing operating expenses, helping it prepare for increased demand.

Michael Joyce, Senior Funding Associate at Risecap, praised Momenta Finance’s approach to structuring the transaction.

“Working with Momenta Finance is always a very simple and straightforward experience. The team are extremely professional, knowledgeable and willing to assist all of our clients wherever possible.

“Ronan in particular is always on hand to provide support and make the entire process as efficient as possible for both our clients as well as the Risecap team.”

Joyce added: “Momenta Finance are always willing to accommodate the specific needs of our clients and go above and beyond in order to find the right solution for their funding requirements.”

The transaction highlights the role of unsecured business lending in helping growing SMEs access additional working capital, particularly where businesses need to invest in stock ahead of receiving customer payments.

For the technology company, the funding provides greater flexibility to manage its expansion plans while maintaining the working capital needed to support ongoing operations.