Smartfundit.com that is the world’s leading technology finance marketplace and that brings finance providers, technology vendors and IT users together announces its Q4 and full fiscal FY2007 results. within, the uniqueness of its independent online platform that satisfies the financial community credit demand during the fourth quarter, has enabled Smartfundit.com to maintain continued growth.
Key financial findings are:
• 70% increase in registered user numbers – from 1,886 (2006 to 3,220 (2007)
• 23% growth in finance requests, up to £ 230 million in 2007
• On demand financing through Smartfundit.com grew by 6x the industry average (IDC estimates 8% compound annual growth in the IT leasing and financing market).
Justin Floyd, commenting on FY2007 results, “During this quarter we enjoyed record numbers of finance providers joining the marketplace as well as technology vendors and their customers. A number of the world’s leading technology firms now use Smartfundit.com to deliver zero effort finance to their customers; doing so has enabled them to cut the costs of transacting their business as well as instantly deliver finance at point of sale easily and effectively”.
During the last 12 months, Smartfundit.com has received many accolades from the media, analysts, and the finance community for the changes that we are bringing to the industry. “It is our goal to make all business finance universally accessible through an independent marketplace and we have succeeded in matching finance providers’ precise credit requirements with that of the end user. That means the finance companies that partner with Smartfundit.com are able to deliver financing online with confidence and security.” concluded Justin Floyd, Chairman and Co-Founder.
According to the results, in excess of $1 billion worth of technology purchases have been transacted through the platform.
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