Cashless gaming tech firm secures £125,000 growth loan from Momenta

A UK-based provider of cashless payment and machine management technology for the land-based gaming sector has secured a £125,000 Tier 1 unsecured business loan from Momenta Finance to support the next phase of its growth.

The specialist technology firm supports gaming operators nationwide with integrated systems designed to improve operational control, efficiency and player experience. The funding will enable the business to invest in platform enhancements, expand its service offering and strengthen relationships with both existing and new operator partners, while maintaining sufficient working capital to support day-to-day operations.

The deal was introduced to Momenta Finance by broker Jack Weston of Portman Finance Group and led by Momenta’s Sales Director, Tom Shave. The funding was delivered under Momenta’s newly launched tiered lending structure, following the recent announcement of a £125 million forward flow facility with a global investment bank. The facility has increased Momenta’s capacity to provide longer-term, competitively priced funding to UK SMEs, with interest rates starting from 7% per annum.

Under the agreement, the client secured a £125,000 unsecured business loan over a 72-month term at a competitive Tier 1 rate, with no early or over-repayment fees. The structure provides certainty over repayments across the six-year term without the need for tangible security, giving the business flexibility to progress its project roadmap while remaining agile in a fast-moving market.

Commenting on the transaction, Jack Weston of Portman Finance Group said: “Tom Shave and Momenta Finance were quick to understand the client’s business model and the growth potential in their niche market. The unsecured structure and competitive terms gave my client the confidence to press ahead with their expansion plans immediately.”

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