23 January 2025
Pri0r1ty Intelligence Group PLC
("Pri0r1ty" or the "Company")
Pri0r1ty Intelligence Group
Enters Strategic Partnership with Funding Circle to Propel Future
Growth in Commercial Lending
Pri0r1ty Intelligence Group PLC (AIM:
PR1) is pleased to announce an important partnership with Funding
Circle, one of the UK's leading providers of small business loans
and finance. This collaboration will significantly enhance
Pri0r1ty's offering and expand its footprint within the small to
medium-sized enterprise (SME) technology landscape by enabling
Pri0r1ty's customers to access alternative debt financing options
seamlessly via the Pri0r1ty platform. Pri0r1ty will be expanding
its core offering to customers with this collaboration.
This strategic move allows Pri0r1ty
customers to access loans of up to £750k (subject to Funding
Circle's lending criteria) within minutes and with approved funds
being settled typically within less than 48 hours. The Pri0r1ty
Advisor large language model (LLM) will complete each application
and repayment schedule autonomously providing a frictionless
funding option to almost all small businesses customers. Pri0r1ty
will be paid an introducer commission of up to 6.5% on all loans
made to customers.
The partnership with Funding Circle
aligns with Pri0r1ty's commitment to delivering cutting-edge
solutions that simplify the growth process for businesses at an
affordable price point through a single and accessible platform.
Through this alliance, Pri0r1ty aims to leverage the extensive
market experience that Funding Circle has built in lending over
£15bn to UK SME's in recent years and in a market worth approx.
£200bn in the UK in 2024.
Pri0r1ty will be offering this
solution to active customers on its platform as well as new users,
ensuring a seamless transition and technological integration. This
further strengthens Pri0r1ty's position in the competitive
landscape of Growth-as-a-Service (GaaS) and enables the Company to
tap into new market opportunities and deliver greater returns for
Shareholders.
James
Sheehan, CEO of Pri0r1ty, commented:
"We are thrilled to forge this
partnership with Funding Circle. This collaboration opens up
exciting opportunities for us and propels our mission to redefine
how small businesses grow. Together, we are committed to providing
businesses with faster and more accessible growth solutions that
meet their evolving needs. We believe this partnership is just the
beginning of a series of strategic initiatives that will drive our
future growth. We're excited to integrate new services on the
platform that add value to our customers and drive revenue beyond
our Software-as-a-Service (SaaS) subscription model."
If you would like to explore how
Pri0r1ty AI can help drive time and cost efficiency for your
business please contact plc@pri0r1ty.com
For
further information, please contact:
Pri0r1ty Intelligence Group PLC
James Sheehan, Chief Executive
Officer
Email: ir@pri0r1ty.com
Nominated Adviser (NOMAD)
Beaumont Cornish
Limited
James Biddle/ Roland
Cornish
Email:
james@b-cornish.co.uk
Tel: +44 (0) 20 7628
3396
Broker
Allenby Capital Limited
Kelly Gardiner/ Jeremy Porter/ Piers
Shimwell
Tel: +44 (0) 20 3328 5656
Financial PR Adviser
Camarco
Marc Cohen, Gabriel Hedengren, Emily
Hall
Email:
Pri0r1ty@camarco.co.uk
Tel: +44 (0) 20 3757 4980
About
Pri0r1ty Intelligence Group PLC
One of the few companies to list on
AIM last year, Pri0r1ty Intelligence Group is an AI company
transforming professional growth services for SMEs. As an SME,
Pri0r1ty understands the unique challenges faced by smaller
businesses and has developed an AI Software-as-a-Service (SaaS)
platform tailored to meet these needs. Pri0r1ty's platform offers
cost-effective solutions that automate essential services like
social media management, investor relations, and corporate
governance. By reducing reliance on expensive external providers,
the company empowers SMEs to streamline operations and focus on
growth.
Nominated
Adviser Statement
Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's
Nominated Adviser and is authorised and regulated in the United
Kingdom by the Financial Conduct Authority. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its
responsibilities under the AIM Rules for Companies and AIM Rules
for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in the announcement or any
matter referred to in it.
