Cyprus Mail

SME Markets Ltd to commence operations in Cyprus

SME Markets Ltd is a financial advisory firm registered in the United Kingdom and has been approved as an Appointed Representative of Kession capital, a Financial Conduct Authority authorised and regulated firm.

SME Markets Ltd has been passported to Cyprus and will offer financial advisory services and funding arrangement to business borrowers and origination services to lenders. SME Markets and its associates are experienced senior bankers and the team is led by investment banker Erol Riza who has 30 years’ experience in the London capital markets and was former vice chairman and head of the board of the risk committee of the interim board of the Bank of Cyprus post bail in in March 2013.

SME Markets Ltd is a business to business platform that will aim to match borrowers with lenders, offering customised and client centric solutions to borrowers. As an internet based platform, SME Markets will facilitate the lending process with a view to reducing time and cost for both borrowers and lenders.

Borrowers in Cyprus have traditionally relied on banks for their financing and now have the opportunity, for selected business borrowing, to seek capital investment in the London market via the services of SME Markets. SME Markets will focus on commercial property finance, project finance, trade finance and public finance sectors.

SME Markets Ltd wishes to inform intending applicants that in accordance with its authorisation it will implement strict adherence to know your customer and Anti Money Laundering procedures and has the right to vet and refuse borrowers who do not comply.

Interested applicants should email their request for financing outlining the business plan, the security provided and a well-­researched plan of repayment of their debt. The email should be addressed to [email protected]

SME Markets is a business to business financing platform facilitating transactions between professional or institutional lenders and borrowers who are businesses.

Potential lenders must note that their capital is at risk and that loans should be made to a number of businesses to diversify risk. Lending is not covered by the Financial Services Compensation Scheme. Potential borrowers are strongly advised to take advice from a person authorised under the Financial Service and Markets Act (FSMA) 2000 who specialises in advising on financing of this kind. Only borrow what you can afford to repay.

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