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Invoice Finance

The power of strategic partnerships in fostering sustainable growth

WeDo Business Services approached Evolve Business Finance to find a funding solution that would help it to invest in its infrastructure and further develop the business. The subsequent partnership with a US based investment company provides a platform for the group’s financial stability and paves the way for future expansion.

Trade financing solutions

WeDo Business Services is a collective of specialist business services with the goal of supporting SMEs across the UK as they grow. This includes everything from investment, financing, HR, to accounting. Founded as a funder (WeDo Finance) in 2019, the business quickly grew to incorporate the other services during the Covid pandemic when clients needed advice on issues such as making redundancies, furlough claims and working from home policies. Since then, WeDo Business Services has helped hundreds of small-to-medium businesses across the UK.

Person talking through business statistics in a full meeting room
Stacks of coins
person calculating business finances at their desk

Towards the end of 2023, the business was looking for a longer-term financing option to replace the short-term revolving facility already in place. The challenge was that because of its size, the firm was too big for its existing funder but too small for a corporate bank or institution. It approached Evolve Business Finance to help solve this conundrum.

WeDo Business Services already had offers from investors from venture and equity-based organisations, but this didn’t allow for the group to maintain control of company ownership. Therefore, an alternative route was needed. Evolve Business Finance found that a US-based investment company was interested in investing in UK financial services, particularly in smaller, owner-managed businesses, and WeDo Business Services ticked all the right boxes.

What our client said

AWe’ve known Stefan for a number of years and in that time have always found him to be very resourceful and great at exploring the possible opportunities out there. When we explained our position, he said he would make a few calls and came back with four or five viable options for us to explore. Working with Stef is like working with a trusted colleague who really believes in your business. He is very honest, transparent and delivers what he says he will. His knowledge of the market is second to none and because of this, we now have a great platform for growth.

Mark Lindsay, Joint CEO and Co-founder of WeDo Business Services

What we thought

AMark and his team have created a brilliant business with a solid ethos to form genuine, lasting partnerships with the companies they work with. They just needed someone to help take a commercial view on what the growth opportunities might look like from a financing perspective. I was glad to help find an organisation that would support WeDo in the correct way. Since the deal completed on 29 December, WeDo has already launched its new asset finance division, so it’s already reaping the benefits!

Stefan Radymski, Director of Evolve Business Finance