Lovey
Lovey provides a streamlined business lending platform for UK small and medium-sized businesses, offering unsecured loans from £1,000 to £1 million with decisions in as little as one hour and funding within four hours. The platform uses a single 60-second application with a soft credit search, so business owners can explore loan options without impacting their credit score. Lovey offers a range of products including VAT loans, short-term loans, and merchant cash advances, with interest rates starting from 6.9%.
- Financial Technology
- Software Only
Funding
Raised to date
£50MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Est. $63.5Macross 1 round
£50M · Undisclosed
Announced Oct 2026 · from article date
Disclosed cumulative: $63.5M
Founders
Founder details are not available yet.
Product
Problem
UK small and medium-sized businesses often struggle to access funding through traditional banks, facing lengthy application processes, extensive paperwork, and weeks of waiting for decisions. This slow and rigid approach to lending prevents businesses from acting quickly on growth opportunities, managing cash flow gaps, or covering unexpected expenses like VAT bills.
Solution
Lovey provides a streamlined business lending platform that delivers funding decisions in as little as one hour and disburses funds within four hours. The company offers unsecured loans from £1,000 to £1 million, with a single 60-second application that covers multiple loan types including small business loans, VAT loans, fast business loans, and short-term loans. Lovey uses a soft credit search during the enquiry phase, meaning business owners can explore their options without affecting their credit score. The platform matches applicants with suitable lending products from its panel of lenders, with interest rates starting from 6.9% and flexible repayment terms designed to keep cash flow healthy.
Target Audience
Primary customers are UK small and medium-sized businesses across sectors including construction, retail, hospitality, restaurants, and eCommerce, as well as businesses needing fast access to working capital, equipment financing, salary finance, or VAT funding.
Features
- Single 60-second online application covering multiple loan products, eliminating the need for separate applications to different lenders
- Soft credit search only during enquiry, with no impact on the applicant's credit score
- Funding in as little as 4 hours from application, with decisions provided within 1 hour
- Unsecured loan options up to £1,000,000, with no requirement for collateral or security
- Range of loan products including VAT loans (spread payments over 3 months), small business loans, fast business loans, short-term loans (3-12 months), and merchant cash advances based on future card sales
- Choice of variable or fixed interest rates, with transparent pricing starting from 6.9%
- FCA-regulated lending and credit broking, with access to a panel of lenders
- Online loan calculator for instant repayment estimates