Bluestone and Novuna Business Finance have announced a strategic digital collaboration aimed at improving services for UK businesses seeking commercial finance. The partnership went live on 25th September 2024, following the integration of Novuna’s API with Bluestone’s end-to-end finance platform, the Bluestone Portal.
The integration allows funding applications submitted by businesses — whether for themselves or their clients — to flow seamlessly from Bluestone’s system into Novuna’s application platform. This automated process enables faster, sometimes instant, decisions on applications, streamlining the finance approval process.
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The Bluestone Portal, which has been operational since January 2024, was designed to enhance user experience, setting a new standard within the industry. With fully automated links and data flows, customers can now complete the application process, including document uploads, entirely within the platform, delivering a comprehensive end-to-end funding experience.
Since its launch, Bluestone has established API connections with four leading lenders: Novuna, Siemens Financial Services, Investec Asset Finance, and Quantum. The latest partnership with Novuna is expected to enhance both companies’ digital service offerings and provide customers with a more integrated and feature-rich funding experience.
Matthew Colville-Foley, Head of Change Delivery at Novuna Business Finance, commented: “This initiative marks a new era of digital partnerships for Novuna. By combining Bluestone’s technological innovation with our services, we’re creating value for customers and pushing the boundaries of what’s possible in the industry.”
Mark Hargreaves, Finance Director at Bluestone, added: “This collaboration sets a precedent for future innovations, showcasing how brokers and funders can work together to enhance the customer experience. As we continue developing the platform, we aim to invite more funders to integrate their services via a direct API with the Bluestone Portal, driving industry progress in the digital age.”
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By GlobalDataBluestone is an FCA-regulated finance brokerage offering tailored solutions to UK businesses. Novuna Business Finance, part of Mitsubishi HC Capital UK PLC, provides financial services to SMEs and larger firms, including asset finance and sustainable project funding.
