REG - Pri0r1ty Intel Grp. - Strategic Partnership with Funding Circle

Pri0r1ty IntelligenceAnnouncement

23/01/2025 07:00

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RNS Number : 4349U  Pri0r1ty Intelligence Group PLC  23 January 2025

23 January 2025

 

Pri0r1ty Intelligence Group PLC

("Pri0r1ty" or the "Company")

 

Pri0r1ty Intelligence Group Enters Strategic Partnership with Funding Circle
to Propel Future Growth in Commercial Lending

 

Pri0r1ty Intelligence Group PLC (AIM: PR1) is pleased to announce an important
partnership with Funding Circle, one of the UK's leading providers of small
business loans and finance. This collaboration will significantly enhance
Pri0r1ty's offering and expand its footprint within the small to medium-sized
enterprise (SME) technology landscape by enabling Pri0r1ty's customers to
access alternative debt financing options seamlessly via the Pri0r1ty
platform. Pri0r1ty will be expanding its core offering to customers with this
collaboration.

 

This strategic move allows Pri0r1ty customers to access loans of up to £750k
(subject to Funding Circle's lending criteria) within minutes and with
approved funds being settled typically within less than 48 hours. The Pri0r1ty
Advisor large language model (LLM) will complete each application and
repayment schedule autonomously providing a frictionless funding option to
almost all small businesses customers. Pri0r1ty will be paid an introducer
commission of up to 6.5% on all loans made to customers.

 

The partnership with Funding Circle aligns with Pri0r1ty's commitment to
delivering cutting-edge solutions that simplify the growth process for
businesses at an affordable price point through a single and accessible
platform. Through this alliance, Pri0r1ty aims to leverage the extensive
market experience that Funding Circle has built in lending over £15bn to UK
SME's in recent years and in a market worth approx. £200bn in the UK in 2024.

 

Pri0r1ty will be offering this solution to active customers on its platform as
well as new users, ensuring a seamless transition and technological
integration. This further strengthens Pri0r1ty's position in the competitive
landscape of Growth-as-a-Service (GaaS) and enables the Company to tap into
new market opportunities and deliver greater returns for Shareholders.

 

 

James Sheehan, CEO of Pri0r1ty, commented:

 

"We are thrilled to forge this partnership with Funding Circle. This
collaboration opens up exciting opportunities for us and propels our mission
to redefine how small businesses grow. Together, we are committed to providing
businesses with faster and more accessible growth solutions that meet their
evolving needs. We believe this partnership is just the beginning of a series
of strategic initiatives that will drive our future growth. We're excited to
integrate new services on the platform that add value to our customers and
drive revenue beyond our Software-as-a-Service (SaaS) subscription model."

 

If you would like to explore how Pri0r1ty AI can help drive time and cost
efficiency for your business please contact plc@pri0r1ty.com
(mailto:plc@pri0r1ty.com)

 

 

For further information, please contact:

 

Pri0r1ty Intelligence Group PLC

James Sheehan, Chief Executive Officer

Email: ir@pri0r1ty.com

 

Nominated Adviser (NOMAD)

Beaumont Cornish Limited

James Biddle/ Roland Cornish

Email: james@b-cornish.co.uk

Tel: +44 (0) 20 7628 3396

 

Broker

Allenby Capital Limited

Kelly Gardiner/ Jeremy Porter/ Piers Shimwell

Tel: +44 (0) 20 3328 5656

 

Financial PR Adviser

Camarco

Marc Cohen, Gabriel Hedengren, Emily Hall

Email: Pri0r1ty@camarco.co.uk

Tel: +44 (0) 20 3757 4980

 

 

About Pri0r1ty Intelligence Group PLC

One of the few companies to list on AIM last year, Pri0r1ty Intelligence Group
is an AI company transforming professional growth services for SMEs. As an
SME, Pri0r1ty understands the unique challenges faced by smaller businesses
and has developed an AI Software-as-a-Service (SaaS) platform tailored to meet
these needs. Pri0r1ty's platform offers cost-effective solutions that automate
essential services like social media management, investor relations, and
corporate governance. By reducing reliance on expensive external providers,
the company empowers SMEs to streamline operations and focus on growth.

 

Nominated Adviser Statement

 

Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated
Adviser and is authorised and regulated in the United Kingdom by the Financial
Conduct Authority. Beaumont Cornish's responsibilities as the Company's
Nominated Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM Rules for
Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont
Cornish is not acting for and will not be responsible to any other persons for
providing protections afforded to customers of Beaumont Cornish nor for
advising them in relation to the proposed arrangements described in the
announcement or any matter referred to in it.

 

 

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