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Smartfundit.com, the leading specialty finance online marketplace provides finance on demand to technology buyers and sellers by connecting them directly to leading finance providers, today announced its financial results for the second quarter 2007 ending 30 June.

• Net finance requests rise 40% quarter on quarter to $80 million
• Number of subscribers increase by 273%
• Volume of finance requests grow by 150%
• Transactions completed up by 13%
• Major vendor wins to the Smartfundit.com marketplace include Infor, Readsoft, Torex Retail, and CS Group

Founder, Justin Floyd said, “The second quarter’s record results are remarkable as the world’s first independent marketplace continues to grow beyond our expectations. Smartfundit.com is an agent of change for and on behalf of the financial services industry. We are making it much easier for finance providers and technology companies and their buyers to find and secure finance online that makes the entire process much easier, reduces costs, and helps vendors accelerate transition to SaaS and subscription style pricing models. We expect to continue to add leading finance providers and technology vendors to the Smartfundit.com marketplace over the next quarter whilst delivering an improved customer experience that will make finance on demand the industry standard.”

NOTES TO EDITORS

Smartfundit.com means finance on demandtm for the world's technology through an independent, open platform that brings finance providers, technology vendors and businesses together. The site cuts out the middleman and provides a fast, easy and secure way for companies to source flexible IT leasing finance. Since launching in January 2006, Smartfundit.com has been used in the funding of technology purchases totalling more than £250million ($500million).

Smartfundit.com subscribers range from small to large companies including blue-chip technology vendors such as Oracle, Microsoft, Readsoft, Computer Services Group, Infor: K3, Morse and Torex, and end-customers such as Barclays, Institute of Payroll & Pensions Management, British Nuclear Group, Spinvox and Trutex.

The company is privately held and is headquartered in the UK with offices in San Francisco, USA.

Contacts:

For further information on Smartfundit.com , to arrange an interview with or request photography, please contact our PR Department:

Phone: +44 (0) 845 686 0510
Fax: +44 (0) 845 686 0509
Email: pr@smartfundit.com
Web: www.smartfundit.com


This press release was distributed by ResponseSource Press Release Wire on behalf of Smartfundit.com in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.