multifi

Multifi's business model centers on providing a digital-first lending experience. The company generates revenue through a fixed monthly platform fee, ranging from 0.3% to 0.5% of the credit limit, and interest on the funds utilized, typically between 2.49% and 3.49% per 30 days. This model is designed to be transparent, with no hidden setup costs or extra charges for same-day payments. The company targets a wide array of UK-based limited companies, from retailers and restaurants to manufacturers and professional service firms, that often struggle with working capital and cash flow management. To expand its market reach, multifi collaborates with a network of brokers, introducers, and partners through a referral program.

The core offering is a proprietary online platform that provides unsecured, revolving credit facilities. Businesses can apply online and, upon approval, access credit limits up to £350,000, with decisions often made within 72 hours. A key feature is the revolving nature of the credit, which replenishes as it's repaid, providing continuous access to funds without needing to reapply. Recently, the company expanded its offerings to cater to smaller businesses with lower turnover, providing credit limits up to £40,000. The platform also integrates finance, payments, and foreign exchange services. Through a partnership with Modulr, multifi provides embedded payment accounts, allowing clients to manage their loans and make supplier payments directly from the platform. A strategic integration with Plaid leverages open banking to streamline the application process and offer more personalized financial solutions.