multifi
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
multifi firmographics
Firmographics- Name
- multifi
- Legal name
- Kactus Technologies Limited
- Website
- https://multifi.co.uk
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
multifi industry classification
Industry- Product category
- SME Lending
- NAICS
- Other Nondepository Credit Intermediation (52229), Activities Related to Credit Intermediation (5223), Mortgage and Nonmortgage Loan Brokers (52231)
- SIC
- Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141), Finance Services (6199)
- akta.pro primary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
- akta.pro secondary industries
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Lending & Credit Disbursements (FSAMAKAH)
Keywords
Where multifi is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
multifi business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Interest on Drawn Credit: Interest accrues daily on outstanding balances at 1.99%-5.25% per month (rates vary based on business financial strength). Customers only pay interest on drawn funds, not on total credit limit.
- Monthly Platform Fee: Monthly platform fee charged as percentage of credit limit (approximately 0.3% of credit limit per month in earlier product versions).
- Platform Fee (Current): No setup fees, no platform fees, no early repayment penalties. Interest-only revenue model with transparent pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Flexi Credit - Interest Only Revolving Credit |
| Hybrid | Monthly | Legacy Pricing - Monthly Access Fee Model |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
multifi product offering
Product offeringCore offering
multifi provides Flexi Credit, a revolving credit facility for UK SMEs that allows businesses to draw £10,000–£350,000 during 30-day funding windows, repay in monthly instalments starting 60 days after drawdown, and reload when balances drop below two-thirds of the credit limit without reapplying. Interest accrues only on drawn funds at 1.99%–5.25% per month with no setup, platform, or early repayment fees. Underwriting is powered by Open Banking (via Plaid) for 60-second eligibility decisions, and the offering is delivered through a direct self-serve platform, a broker/partner portal, an FCA-regulated E-Money Current Account (via Modulr), and international payment rails (via Currencycloud).
Product overview
multifi offers a unified fintech platform anchored by Flexi Credit, a revolving credit facility for UK SMEs providing £10,000-£350,000 with interest-only repayments on drawn funds. The platform integrates E-Money Current Account services (via Modulr) for fund storage and automated repayments, Payment Services for supplier payments in multiple currencies (via Currencycloud), and a Broker Portal for partner distribution. The architecture enables Draw-Repay-Reload cycles where customers draw funds, repay in monthly instalments, and reload when balance falls below two-thirds of their limit without reapplication.
Differentiator
Problem solved
Functional benefit
Brands
- Flexi Credit: Revolving credit facility for UK SMEs providing between £10,000 and £350,000 with interest accruing only on drawn funds from 1.99% per month. Features include 30-day funding periods, 60-day first repayment, and reload capability when balance drops below two-thirds of the credit limit.
Products and services
- Flexi Credit Revolving credit facility for UK Limited Companies and LLPs providing £10,000–£350,000. Interest accrues only on drawn balances from 1.99% per month; no setup, platform, or early repayment fees. Businesses draw within 30-day funding periods, repay in equal monthly instalments starting 60 days after drawdown, and reload when the balance falls below two-thirds of the credit limit without reapplying. Decisions typically return within 24 hours for 85% of applicants; 60-second eligibility check with no credit score impact via Open Banking.
- E-Money Current Account Electronic money current account wallet provided via multifi's distribution arrangement with FCA-authorised Modulr FS Limited (FRN 900573). Customers store electronic money, receive funds, and have interest charges, repayments, and fees debited automatically; funds are safeguarded under the Electronic Money Regulations 2011.
- Payment Services (Domestic & International) Payment services enabling multifi customers to pay suppliers in sterling and non-sterling currencies via Credit Transactions (drawn from their Flexi Credit facility) or Cash Transactions from their E-Money Current Account, with international payouts to 180+ countries at competitive FX rates through Currencycloud.
- Broker Portal Partner-facing platform at platform.multifi.co.uk for commercial finance brokers, ISO portfolios, comparison sites, and introducers to access and manage Flexi Credit on behalf of their SME clients, enabling partner-led onboarding, ongoing relationship management, and reload-based recurring revenue for partners.
Quantifiable outcome
- 85% of full decisions returned within 24 hours
- +3 more outcomes
Companies that use multifi
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles1 record
multifi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature3 records
multifi partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, supporting and secondary.
- Capalonacoremultifi Flexi Credit is now available through Capalona's UK business finance comparison platform. Capalona connects thousands of UK businesses actively searching for finance with funding options, making revolving credit discoverable at the right moment in the SME journey.
- FundOnioncorePartnership agreed mid-March 2026. FundOnion is one of the UK's leading business finance marketplaces connecting SMEs with appropriate funding solutions. Two UK businesses were funded through the partnership by end of March 2026, demonstrating rapid traction.
- GroovcoreStrategic partnership making multifi Flexi Credit available through Groov's Open Banking-powered origination platform. Groov provides diversified origination network spanning commercial finance brokers, ISO portfolios, comparison sites and referral partnerships. This is multifi's first partner in its multi-channel distribution strategy, with further partnerships planned throughout 2026.
- PlaidcoreStrategic integration with Plaid data network to simplify financial access for UK SMEs. Plaid integration enables multifi to efficiently evaluate financial health by analyzing transaction data from Barclays, HSBC, Lloyds, Halifax, Santander, Natwest, and Monzo. Reduces application time and enables personalized financial services.
- CurrencycloudsupportingPartnership providing international foreign exchange payment solution enabling multifi clients to make local payouts to 180+ countries at competitive FX rates. Currencycloud's services enable SMBs to handle international business transactions efficiently, with multifi's clients primarily being importers or exporters.
- NerdWalletsecondaryPartnership with NerdWallet to expand access to flexible business finance, making multifi's revolving credit available to consumers and SMEs comparing finance options.
- Modulr FS LimitedcoreFCA-authorized Electronic Money Institution (Firm Reference Number 900573) providing e-money issuance and payment services infrastructure. multifi operates as distributor of Modulr, with customer funds safeguarded under Electronic Money Regulations 2011.
- Moorgate FinancesecondaryPartnership announced to bring Flexi Credit to UK SMEs through Moorgate Finance's broker network.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
multifi competitors and assessment
Company assessmentDirect peers
- Liberis: Embedded revenue-based finance provider for small businesses; offers flexible working capital to SMEs via platform partners, making it a direct competitor in the alternative SME lending space.
- iwoca: London-based digital lender offering revolving credit lines to UK SMEs using Open Banking-style underwriting; closest direct competitor to multifi's Flexi Credit product with overlapping customer base and product mechanics.
- Capital on Tap: UK provider of small-business credit cards and working capital lines to SMEs; competes head-on with multifi for cashflow-constrained SMBs and shares the digital, fee-light positioning.
- MarketFinance (a Kotoz Group company): UK-based alternative finance platform offering working capital loans, invoice finance, and business lines of credit to SMEs; directly competes with multifi's revolving Flexi Credit in the same customer segment.
Broad incumbents
- Starling Bank: UK digital challenger bank serving SMEs with current accounts and a growing working-capital product suite; represents the broader incumbent threat as embedded lending expands into multifi's space.
- Funding Circle: Largest UK-listed SME lending platform offering term loans and FlexiPay revolving credit to established businesses; broader incumbent with deeper capital base and longer track record than multifi.
- Tide: UK SMB-focused digital business banking platform offering current accounts and integrated lending; competes with multifi via embedded working-capital products distributed through a much larger SMB member base.
- OakNorth Bank: UK specialist bank focused on lending to SMEs and property developers; a much larger incumbent competing for the same mid-market borrower pool as multifi's upper-end (£350k) facilities.
Emerging players
- Wayflyer: Revenue-based financing provider for e-commerce and DTC brands; overlaps with multifi's e-commerce customer segment and uses transaction-data underwriting comparable to its Open Banking approach.
- Clearco: Data-driven funding provider for e-commerce and SaaS SMEs using revenue and ad-platform data for underwriting; comparable fintech underwriting approach to multifi's bank-data model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
multifi social profiles
Digital presencemultifi compliance and trust
Trust signalCompliance2 records
multifi financial estimates
Financial estimateRevenue estimate
Valuation estimate
multifi leadership team
Management profileNumber of profiles
Profiles1 record
multifi funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
multifi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about multifi
What does multifi do?
multifi provides Flexi Credit, a revolving credit facility for UK SMEs that allows businesses to draw £10,000–£350,000 during 30-day funding windows, repay in monthly instalments starting 60 days after drawdown, and reload when balances drop below two-thirds of the credit limit without reapplying. Interest accrues only on drawn funds at 1.99%–5.25% per month with no setup, platform, or early repayment fees. Underwriting is powered by Open Banking (via Plaid) for 60-second eligibility decisions, and the offering is delivered through a direct self-serve platform, a broker/partner portal, an FCA-regulated E-Money Current Account (via Modulr), and international payment rails (via Currencycloud).
Is multifi a public or private company?
multifi is a private company. It is classified as venture growth investor backed and is currently operating.
When was multifi founded?
multifi was founded in 2023. It employs 11 to 50 people.
Where is multifi based?
multifi is headquartered in London, United Kingdom, in the Europe region.
How does multifi make money?
Three revenue lines are on record. Interest on Drawn Credit is the primary driver. The others are monthly Platform Fee and platform Fee (Current).
Who are multifi's main competitors?
Direct peers on record are Liberis, iwoca, Capital on Tap and MarketFinance (a Kotoz Group company). Broad incumbents are Starling Bank, Funding Circle, Tide and OakNorth Bank. Emerging players are Wayflyer and Clearco.
Does multifi have an API?
No public API is recorded for multifi.
What industry is multifi in?
multifi's product category is SME Lending. Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines), with a secondary code of FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes). Its NAICS code is 52229 and its SIC code is 6153.