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Deal Alert: Menzies LLP completes FDD for £8 million investment

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Our Corporate Finance team have advised Downing LLP and Gresham House Venture on all aspects of the Financial Due Diligence in their joint development capital investments into Funding Xchange for £8 million.

Funding Xchange is a FinTech that has built digital decisioning technology to enable partners, such as Monzo and Experian, to offer their customers instant access to personalised, competitive quotes for business funding – ensuring that customers never pay more than going direct to a lender. Since inception, Funding Xchange has helped over 100,000 UK businesses navigate their finance options.

Daniel Cheung, Principal, Downing LLP and Henry Alty, Investment Director, Gresham House Ventures commented:
“We are extremely grateful for the extensive support provided by Ross and his team throughout the entire Due Diligence process. The work completed by Menzies proved invaluable in negotiating our position and ensuring a successful completion. We can now look forward to supporting Funding Xchange through its high growth phase as the company continues to deliver intelligent lending solutions to businesses and lenders.”

Ross Wiggins

Ross Wiggins, Corporate Finance Director at Menzies, commented:
“Funding Xchange is an extremely innovative platform, which provides a much-needed solution to the challenges modern banks and lenders face. It was an honour to be involved in the project and I look forward to seeing the company achieve great things in the years to come.”

About Menzies Corporate Finance

Our award-winning team take a quality driven, proactive and personal approach to advising transactions. Our corporate finance team will provide you with director-level advice and support, while working alongside other Menzies employees from the wide ranging skill set available within the firm, to ensure that the advice we give encompasses all your needs.

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Ross Wiggins - FCA, CF

Corporate Finance Director

Ross Wiggins is a Corporate Finance Director working as part of Menzies Corporate Finance advisory team in our London Central office.