London-based fintech start-up Clear Factor announces an exciting partnership with Millwall Football Club.
Founded 135 years ago, Millwall Football Club is one of the oldest football clubs in the UK. They are currently midway through their third season back in the EFL Championship and are pushing for a top-six finish.
Millwall FC is also known for being supported by numerous Micro/Small and Medium Enterprises (SME) which have backed the team throughout its long history of achievements.
SME invoice finance provider, CLEAR FACTOR announces its strategic partnership with the Club to continue to support the SME community to facilitate invoice finance to its small and medium business audience. London based Clear Factor specializes in helping micro SME find much-needed working capital to run their businesses by financing their Invoices within 48 hours. The London-based fintech start-up founded by ex-bankers from Bank of England, CHAPS, HSBC, and Deutsche Bank plans to launch its system in August 2020 and will be one of the first platforms to facilitate credit across borders. Millwall FC has thousands of loyal SMEs as its supporters and this partnership will go a long way in bridging the funding gap that major banks have created post the financial crisis.
Ricky Shankar, Chairman of Clear Factor, said: “We are proud to be partnering with Millwall FC. Millwall FC fits perfectly into our strategy to support the working capital requirements of small businesses across the UK and globally”.
“We’re really pleased to have Clear Factor on board,” added Andrew Stead of Millwall Football Club. “This is an exciting partnership for the Club and is a great fit for our fanbase, many of whom run SMEs in London and also the UK. We are looking forward to working with the Clear Factor team on a number of exciting projects.”
About Clear Factor:
London-based Clear Factor Limited is building an open, transparent, decentralized and global ecosystem to bring fast low-cost invoice finance to small and medium businesses (SMEs) requiring cash flow while taking away the contractual binds, minimum factoring needs, charges, exit barriers, personal guarantees and performance-measures imposed by banks. Combining reward-based underwriting, CF-DF scoring, replication of successful investment strategies, a transparent auction and consensus between investors and the SME, Clear Factor will allow investors access to one of the safest and shortest time-framed investment instruments that have been hitherto available only to large funders.
Clear Factor aims to disrupt these global invoice finance markets and has built a passionate team with extensive experience in invoice finance, insurance, payments infrastructure, IT development, cybersecurity, decentralized protocols, and digital-asset trading. It’s building its MVP in partnership with Decimal Factor and Electi Consulting, which are both Clear Factor equity holders.
(Ricky Shankar Chairman and Alan Bernard, Non-Executive Director at The Den)
About Millwall Football Club:
Millwall Football Club is a professional football club in Bermondsey, South East London, England. They compete in the EFL Championship, the second tier of English football. Founded as Millwall Rovers in 1885, the club has retained its name despite having last played in the Millwall area of the Isle of Dogs in 1910. From then until 1993, the club played at what is now called The Old Den in New Cross, before moving to its current stadium, The Den with a capacity of over 21,000.
Notes:
https://www.millwallfc.co.uk/commercial/official-club-partners/
https://www.millwallfc.co.uk/commercial/millwall-business-club/
