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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 third quarter 2007 ending 30 September.

• Net finance requests rise 36% quarter on quarter to $143 million
• Number of subscribers increase by 135% quarter on quarter
• Transactions completed up by 117% to $14.2 million
• Successful US launch with leading finance providers
• New technology vendors subscribers include RightNow, Coda, IFS, Exact Software and Bell Microsytems

Chairman and Founder Justin Floyd said, “ We were able to deliver record subscriber and revenue growth whilst accomplishing significant technical advances in the way that the Smartfundit.com marketplace delivers finance on demand to businesses. We are seeing the clearest evidence yet that companies want a faster more cost effective way of securing finance for the growth of their businesses. The old model of having to spend days searching for the right finance deal is over, now companies can use the power of the internet and the independence of the Smartfundit.com marketplace to instantly connect to a global network of trusted finance organizations and choose funding that is matched to their exact requirements. We are confident that despite the challenges in other sectors of the finance industry Smartfundit.com is the change that many companies want to see, and that we will continue to take business financing to a new levels of convenience and most importantly trust.”

NOTES TO EDITORS
Smartfundit.com provides finance on demandtm for technology investment via an independent, open marketplace that brings finance providers, technology vendors and businesses together. The Smartfundit.com marketplace drives significant improvements in the way financing is sourced for technology investment by providing 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 totaling more than $680 million.

Smartfundit.com subscribers range from small to large companies including technology vendors such as Oracle, Microsoft, Epicor, 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.