Fintech Tint Financial Services Hits $20M Funding Milestone within 6 Months of Trading

  • Fundraising News
  • 19.01.2024 12:55 pm

London-based Tint Financial Services, a cross-border fintech committed to streamlining and improving trade for SMEs and their supply chains, has achieved a remarkable milestone. Despite launching only six months ago, the company announced that it has successfully facilitated the global flow of goods valued at USD 20 million (£15 million).

This turning point solidifies Tint’s position as one of the UK's most significant and fastest-growing fintech companies. It also underscores the firm’s valuable role in helping SMEs scale internationally at a time when banks are offering even less support to businesses with fewer relationship managers. 

More than 30% of potential global trade is held back by complexity and lack of funding*. Tint aims to close the gap and make trading internationally easier for SMEs. A cross-discipline team of seasoned experts from banking, insurance, technology, data, compliance, and credit have left the corporate world to form Tint to tackle this industry problem.

Tint’s platform brings together all the key services required when trading internationally including trade finance, insurance, FX, logistics, compliance, and ESG support. As a result, SMEs have quicker access to capital, more flexible terms, and tailored financial solutions, enabling them to seamlessly scale and thrive in a global market.

Commenting on the achievement of the company, Steve Rose, CEO of Tint, said: “We are thrilled that we have been able to help our clients secure financing, enabling them to import and export more easily to fuel their expansion plans. Not only have we reached an important milestone, but we have also built a healthy pipeline of clients. This success underscores the agility of our fintech offering and the dedication and skill of our team, showcasing their commitment to excellence. We have validated the market gap and the need for the combination of services that will be available through our platform - and look forward to helping many more businesses along their scaling journey."

Tint’s lending is supported by Channel Capital, an alternative investment fund manager specializing in technology-driven trade finance and B2B lending. Channel is the investment arm of Channel Digital Holdings, which supports the innovation economy in the UK, Europe, and North America. Channel has deployed more than $10 billion to businesses since 2014.

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