Sprk Capital Secures £20 Million to Support SMEs in UK-Led Innovation Agenda

Sprk Capital is thrilled to announce the successful completion of a $20 million funding round aimed at bolstering our mission of becoming the leading lender to SMEs engaged in UK-led innovation. These funds will enable Sprk to expand our proprietary digital lending platform, allowing us to support even more innovative small and medium-sized enterprises (SMEs) in accessing vital funding against their R&D tax credits and Innovation Grants. We pride ourselves on facilitating effortless financing solutions, offering fixed rates and flexible terms ranging from 3 to 36 months. By raising this significant capital, we aim to enhance our service offerings and streamline the application process, ensuring businesses can access Sprk Advance in as little as 48 hours. Our transparent fee structure and founder-friendly terms have positioned us as a trusted partner for SMEs, helping them retain control of their business growth. The injection of funds represents not only a significant milestone for our company but also a commitment to the future of UK innovation. We believe that by providing SMEs with quick and hassle-free access to the capital they need, we contribute not just to individual businesses, but to the broader economic landscape. Sprk Capital is excited to take this next step and continue our journey toward empowering businesses to innovate and grow. Stay tuned for more updates on our progress and new features as we work to create a brighter future for UK SMEs!