mycashline Secures Additional Funding from Shawbrook Bank to Enhance SME Support

In 2018, Dovi David and Yisroel Perkel established mycashline with the ambitious goal of revolutionizing small business finance in the UK. Through the adoption of advanced AI and machine learning technologies, mycashline is determined to overhaul conventional business lending practices, offering more tailored and supportive financial solutions.

Working in tandem with Haogen Technologies Limited, mycashline has facilitated access to substantial funding for numerous SMEs, fostering their development and expansion.

Marking a significant milestone, mycashline, alongside Haogen Technologies Limited, has successfully obtained further financing from Shawbrook Bank, aimed at bolstering its growth trajectory and expanding its support for UK SMEs in the forthcoming year.

Dovi David, the entrepreneurial force behind mycashline, expressed his excitement about the partnership: “We’re very excited to grow our partnership with Shawbrook. The teams at mycashline and Shawbrook have built a really strong relationship over the last year, and mycashline’s decision to choose Shawbrook to expand its funding line is testament to this. The new funding will accelerate our growth, solidifying our role as a key player in SME finance. With a strong brand, unwavering values, and a popular product, we’re poised for even greater success. We can’t wait to get going with more of the same. We know that 2023 was a difficult period for small businesses, but with some light at the end of the tunnel, we’re confident we’re able to help even more businesses grow and strive in 2024.”

Warren Mutch from Shawbrook Bank reflected on the extended partnership: “Having worked with Dovi and the team at mycashline on the original funding line, we were very impressed with their offering and the success they had. Naturally, we were well-placed to arrange an increased debt line and moved swiftly to support the business as it looks to accelerate its growth and assist more SMEs in the marketplace.”

    Leave a Reply