Financial services industry heavyweights, Richard Morley & Ian Morrison, today announced the launch of Liquid Finance, providing fast, flexible & accessible funding for people who want to grow their business.
A sister company of iCheque, a regulated e-money issuer, the Liquid Finance funding model has been designed to empower business leaders to strategically grow their organisations. Funding is available in less than 10 days (from application to cash in the bank), with simple, transparent terms, with no security via personal assets. Uniquely, Liquid Finance has an automated splitting process, which means businesses don't have to worry about switching their card provider to be eligible for funds.
"Liquid Finance has launched to deliver fast & credible funding to UK businesses. We are passionate about UK commerce and believe UK SME's are the key to the success of our economy. Being able to secure short term funding is essential for most companies, whether this facilitates a refurbishment or the purchase of additional stock. Our team's industry expertise coupled with the creditability of our sister company being regulated by the FCA, means Liquid Finance can provide a complimentary funding option to the traditional bank loan," said Richard Morley, Director of EuropeanDevelopment at Liquid Finance.
Richard Morley and Ian Morrison, both industry veterans, have careers that span over 30 years respectively in financial services. Most recently, they co-founded Merchant Cash Express Limited, the first future card receivables factoring company in the UK.
Morley, who has worked in senior roles at corporate banks & consultancy firms including Barclays & First Union National Bank, will be responsible for sales and marketing at Liquid Finance. Morrison held senior positions at leading banks & investment firms including Barclays & First Union National Bank, and will be leading international business development for Liquid Finance.
Kevin Coles also joins the Liquid Finance team as a non-executive director. As an experienced industry figure, 33 years at Barclays and 9 years at Lloyds Bank, Coles will provide consultancy in regard tod to all aspects of the credit and debit card industry.
Additional board members include:
• Julio Vildosola, CEO of Liquid Finance. Previously held senior positions at GE Capital & ADP.
• Justin Lunny, co-founder of Liquid Finance. Founder and Director of iCheque, regulated sister company to Liquid Finance.
• Caerwyn Prothero, co-founder of Liquid Finance and CFO of iCheque. Previously held positions at Fund Movement Ltd and RBS.