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The Just Loans Group PLC


18 May 2016 20:00

UNDER EMBARGO UNTIL 18 May 2016 00:00

Time is the enemy for UK SMEs looking for business finance and trying to juggle inevitable cash flow challenges claims one of the UK's leading alternative lenders.

"Customers consistently tell us that time is the enemy both when they are applying for finance and having to manage daily cash flow challenges,” says John Davies, Director of Just Cash Flow PLC," Business owners are constantly on the move and constantly juggling the many demands on their time."

To counter these issues Just Cashflow has launched two new innovative initiatives, both of which are first of their kind for a European alternative lender. Card access to business finance at the point of sale with its BusinessPlus Prepaid MasterCard® Card ( ) and a mobile app that allows its customers to manage their finances on the go with just a few clicks on their mobile phones.

Time is also an issue when SMEs are initially applying for the finance they need to grow and develop their businesses as it can take weeks to get a bank appointment and eventually get an answer.

To address this, Just Cashflow has invested heavily in developing PropensityPlus its own proprietary FinTech driven underwriting module that, as the name suggests, uses technology to gain insight into the propensity for both directors and businesses to be successful in the future. The technology provides a wide variety of current and historical data points, many of which aren't being used by traditional banks and other lenders. Decisions can be made quickly and funds available in a matter of days.

The 'Plus' refers to highly experienced underwriters then taking the time to understand the business, future plans and what the finance is needed for.

"The irony is that this is what business banking used to be like - dealing with someone who was interested in your business and able to make timely decisions," John adds.

"Alternative lenders like us are using FinTech to both provide the finance SMEs urgently need and to give them back the time they need to concentrate on running their businesses."


Martin Rutland Head of Public Relations

Just Cash Flow PLC
1 Charterhouse Mews,
London EC1M 6BB
07768 882525

Just Cash Flow PLC is registered at 1 Charterhouse Mews, Farringdon, London EC1M 6BB under company number 08508165

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About The Just Loans Group PLC

The Just Loans Group PLC is the first alternative commercial lender to be a Professional Associate Member of the British Banking Association.

The Group is listed on the Cyprus Stock Exchange and has a market capitalisation of £39m.

The Group entered the alternative finance sector in 2012 with the aim of building a robust, scalable, Anti Money Laundering (AML) compliant process for on boarding Corporate Borrowers in the UK and eventually Europe. This was achieved through increasingly using FinTech to streamline the application process and deliver exceptional customer experience.

Having fully proven the model across the Just Loans portfolio, the Group is now positioned to provide these services additionally to Financial Institutions with a need to balance the management of costs with their regulatory obligations under the Anti Money Laundering legislation.
By doing so, both new entrant and established, Financial Institutions are able to serve the business and small corporate market cost effectively and with an improved quality of service.

The Group has invested heavily in developing its proprietary PropensityPlus® scoring model. This is proving to be a major competitive advantage as it drives a comprehensive underwriting process, enabled by the latest technology, leveraging a wide variety of current and historical data points, many of which are not used by traditional banks or other lenders. This provides extensive insight into the propensity for both the Directors and businesses to be successful going forward.

PropensityPlus® achieves significant efficiencies leading to a faster finance application process and a much improved impairment experience across the loan book.
These benefits are seen as attractive both to borrowers and stakeholders as a whole.

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