Small business finance disrupter Funding Xchange has expressed concerns over a lack of clarity on passporting, in response to today’s Brexit speech by the Prime Minister.

Katrin Herrling, CEO and Co-founder of Funding Xchange, said: "Today’s speech was billed as one of detail and on many issues it delivered that, but on the issue of passporting the Prime Minister said the alignment of financial sector regulations should allow trade to continue as normal. The sector does need further clarification though.”

“The Prime Minister did outline that the Chancellor will be explaining the position on this issue over the coming days though, so we await further clarity.”

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About Funding Xchange

Funding Xchange is the leading business funding market place. The innovative platform links businesses to the funders who are most likely to have an appetite to lend to them.
Funding Xchange was one of the four founding portals appointed by the government to provide a declines platform for businesses being declined by their mainstream bank on loan applications.
The platform works with a range of high profile business advisors, such as KPMG, and with most of the banks and lending providers, providing access to finance for many SMEs who wish to grow.