Fluro Platform Limited
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Fluro Platform Limited - overview
Established
2014
Location
London, England, UK
Primary Industry
Financial Services
About
Founded in 2014, and based in London, UK, Fluro Platform Limited, a. k. a Fluro, formerly known as Lending Works Limited is a technology-led consumer personal loan provider. The company was founded by its CEO, Nicholas Harding, and CFO, Matthew Powell.
In July 2016, Fluro Platform Limited raised GBP 3 million in series A funding led by new investor NVM Private Equity. In 2022, the company formed API-powered partnerships with Direct Line and Churchill! and established two institutional funding facilities. As of 2022, the company has more than 37,000 customers.
Fluro Platform offers personalized personal, debt collection, home improvement, wedding, car, and holiday loans with flexible repayment plans and real-time monthly due amount calculation for consumers that don't influence their credit ratings. The platform can also be utilized by online firms to integrate payment alternatives for customers into their products through its integrated payment application programming interface, and its suite of payment options for retail finance.
Current Investors
NVM Private Equity, Pollen Street, Maven VCT
Primary Industry
Financial Services
Sub Industries
Consumer Finance, e-Financial
Website
www.fluro.co.uk
Verticals
FinTech
Company Stage
Series A
Total Amount Raised
Subscriber access only
Fluro Platform Limited - timeline of key events
Fluro Platform Limited - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 8,140,252 | 5,448,144 | - | - | - |
| % Revenue Growth (YoY) | - | (33.1%) | - | - | - |
| EBITDA (USD) | (1,824,443) | (4,948,903) | - | - | - |
| Operating Income (USD) | (1,848,245) | (4,982,366) | - | - | - |
| Operating Margin | (22.7%) | (91.5%) | - | - | - |
| % EBITDA Margin | (22.4%) | (90.8%) | - | - | - |
| NET Income (USD) | (1,812,373) | (5,089,906) | - | - | - |
| % Net Margin | (22.3%) | (93.4%) | - | - | - |
Fluro Platform Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Fluro Platform Limited | - |
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Fluro Platform Limited - employee data
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