On Wednesday 24^th September we integrated a new lender, Novuna Business Finance, to our automated end-to-end finance platform, the Bluestone Portal.

The integration means that funding applications made by UK businesses via the Bluestone Portal – either for themselves or their customers – run straight out of Bluestone’s system into Novuna’s application system with no complications.

Since launching in January 2024, Bluestone has established seamless APIs with a total of four leading lenders including:

• Siemens Financial Services (SFS)
• Investec Asset Finance (IAF)
• Quantum Funding
• Novuna Business Finance

Designed with user experience at its core, the Bluestone Portal is setting a new standard across the industry, the links and data flows are all automated, resulting in faster – sometimes instant – decisions on applications, marking a significant step forward in cross-company cooperation within the sector.

Customers can then complete the application process, including uploading necessary documentation, within the portal, resulting in an end-to-end funding experience.

This latest partnership with Novuna is expected to benefit both companies by expanding their digital services and offering customers a feature-rich and integrated funding experience.

“This initiative reflects a new era of digital partnerships for Novuna by combining Bluestone’s technological innovation with our services, we’re creating value for the customer and pushing boundaries of what’s possible in the industry.”

Matthew Colville-Foley, Head of Change Delivery, Novuna Business Finance

“We believe this collaboration paves the way for future innovation as an example of how brokers and funders can work together to improve the customer experience. As we continue to develop the platform, we will continue to invite more funders to offer their services via a direct API with the Bluestone Portal to drive industry progress in the digital age.”

Mark Hargreaves, Finance Director, Bluestone

What is the Bluestone Portal?

The Bluestone Portal was originally launched in January 2024 providing a unique and innovative online tool that any UK business can use to generate finance quotes and/or submit applications.

By collaborating with leading lenders through innovative API technology, the Bluestone Portal delivers an efficient and effective finance quoting and application process for our clients.

Using an API developed by Bluestone the platform allows quick quotes to be drawn up and finance applications to be decisioned within minutes, all from within Bluestone’s native operational systems. 

The result is an end-to-end finance platform for UK businesses and their customers. It enables UK businesses and organisations to get finance quotes for themselves or their customers, submit applications, obtain decisions, eSign documentation, and track the progress of those applications through to completion, whenever and wherever they need to.    

Sign up today to the Bluestone Portal to get quick finance quotes for your organisation or customers, or click here to learn more about how the portal works.

What does the Bluestone Portal do?

The Bluestone portal has been designed to make commercial finance and all its potential benefits more accessible for UK businesses and to improve the efficiency of our service for existing customers and partners. This innovative, end-to-end online platform that enables UK businesses to:

• Access quick, affordable, and competitive finance quotes for their organisation or their customers

• Submit applications for their organisation or their customers

• Track applications from start to finish via their dashboard

…whenever they need to and wherever they are.

How does the Bluestone Portal work?

• By interfacing with Companies House and third-party credit scoring data, the Bluestone portal provides instant and accurate finance quotations that reflect the credit score of the applicant.  

• Using harvested data and innovative automated technology, the portal then enables the user to submit their finance application to funders, streamlining the underwriting and decision-making process; in some cases, this can deliver instant acceptances.

• Next, the Bluestone portal verifies the customer’s identity – as well as the assets and suppliers involved – and conducts anti-money laundering checks.  

• Customers can upload, generate, and download all relevant documentation, so they can move from getting a quote to E-signing documents and requesting payment within as little as an hour.  

• Finally, a member of Bluestone’s compliance team reviews all the details and conduct some final checks before releasing the funds.  

The Bluestone portal provides the most automated application process for commercial clients in the broker-market; it gives confidence to funders that the necessary checks and due diligence are being actioned on every transaction, whilst providing instant access to finance from any device for UK companies. 

The innovative systems, automation and algorithms ensure that applications are directed to lenders that have an appetite for the credit requirements of the client in line with the FCA’s Consumer Duty and treating customers fairly. The portal also relieves Bluestone staff of the need to manually process many types of transaction, streamlining the customer journey, and leaving more time to concentrate on more complex applications.

Sign up today to the Bluestone Portal to get quick finance quotes for your organisation or customers, or click here to learn more about how the portal works.