Skip navigation

Frimley, UK – February 7 2008.

Smartfundit.com, the world’s leading technology finance marketplace, today announces its Q4 and full fiscal FY2007 results. Amidst considerable concern within the financial community to meet credit demand during the fourth quarter, the uniqueness of its independent online platform has enabled Smartfundit.com to maintain continued growth.

Key financial highlights:
• 70% increase in registered user numbers – from 1,886 (2006 to 3,220 (2007)
• 23% growth in finance requests, up to £ 230 million in 2007
• On demand financing through Smartfundit.com grew by 6x the industry average (IDC estimates 8% compound annual growth in the IT leasing and financing market).

Justin Floyd, commenting on FY2007 results, “During this quarter we enjoyed record numbers of finance providers joining the marketplace as well as technology vendors and their customers. A number of the world’s leading technology firms now use Smartfundit.com to deliver zero effort finance to their customers; doing so has enabled them to cut the costs of transacting their business as well as instantly deliver finance at point of sale easily and effectively”.

During the last 12 months, Smartfundit.com has received many accolades from the media, analysts, and the finance community for the changes that we are bringing to the industry. “It is our goal to make all business finance universally accessible through an independent marketplace and we have succeeded in matching finance providers’ precise credit requirements with that of the end user. That means the finance companies that partner with Smartfundit.com are able to deliver financing online with confidence and security.” concluded Justin Floyd, Chairman and Co-Founder.

NOTES TO EDITORS

About Smartfundit.com

Smartfundit.com means finance on demandtm for the world’s technology through an independent, open platform that brings finance providers, technology vendors and IT users 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 2006, in excess of $1 billion worth of technology purchases have been transacted through the platform.

Smartfundit.com subscribers range from small to large companies including blue-chip technology vendors such as Oracle, Microsoft, Readsoft, Iris, Infor, K3 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 based in Frimley, UK and San Francisco, USA.

More information

For further information on Smartfundit.com or to arrange an interview, 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.