Global segment ranking · Fintech › Lending

The world’s most valuable SME lenders

Digital lenders and revenue-based financing providers whose main activity is lending to small and mid-sized businesses. Ranked worldwide by AI-estimated valuation. The market sets the value; our AI estimates it.

Edition 0 (beta) · Published September 29, 2026 Twice a yearNext edition: January 1, 2027· Claude · multi-AI consensus in a future edition· Published method· Order never changed by a human

Key metrics for this segment: loan book / originations, revenue, profit. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.

Not in this segment. Invoice financing and B2B buy now pay later, business accounts, spend management and consumer credit each have their own segment. A company appears in one segment only. Method

The segment at a glance

10companies ranked

3companies on the radar

5countries in the ranking

2listed benchmarks

Sources: City AM, Fintech Futures, Trending Topics, International Accounting Bulletin, Mexico Business News, PR Newswire, BusinessWire, Sacra, Multiples.vc, Wikipedia, company announcements. Intention counters will be shown above a threshold of amount and number of Backers.

Rankings by region

Filter the ranking and the Radar. Ranks stay worldwide.

Global ranking · SME lending

Top 10 Radar Challengers

First edition: no movements yet.

World · 10 ranked companies

#	Company	Last round · Key metrics	Estimated valuation (AI, order of magnitude)	Confidence	Invest
1	OakNorthUnited Kingdom · EuropeSources: 1 · 2Is this your company? Report an error	Equity round · USD 440M · 2019£2.8B gross originations; £7.2B total facilities · Revenue £605.9M gross interest and fee income · Pre-tax profit £223M · FY2025	Last known equity round: Equity round · USD 440M · 2019 (SoftBank Vision Fund, Clermont Group) No confirmed published valuation Confidence index: MediumMethod	Partial sources	Declare an intent
2	KapitalMexico · Latin AmericaSources: 1 · 2Is this your company? Report an error	Series C · up to USD 100M (USD 86M reported) · Sep 2025Credit portfolio MX$26.6B (~$1.54B) · Revenue: n/d · Net profit MX$1.23B (~$71M), last 12 months · 1Q26	Last known equity round: Series C · up to USD 100M (USD 86M reported) · Sep 2025 (led by Tribe Capital and Pelion Ventures) Published valuation: USD 1.3bn (Sep 2025) Confidence index: HighMethod	Solid sources	Declare an intent
3	iwocaUnited Kingdom · EuropeSources: 1 · 2Is this your company? Report an error	Series D · GBP 150M (equity and debt) · 2019£952M originations · Revenue £234.1M · Pre-tax profit £59.1M · FY2024	Last known equity round: Series D · GBP 150M (equity and debt) · 2019 (led by Augmentum) No confirmed published valuation Confidence index: MediumMethod	Partial sources	Declare an intent
4	Allica BankUnited Kingdom · EuropeSources: 1 · 2Is this your company? Report an error	Series D · USD 155M · Mar 2025£3.7B lending · Revenue £371.3M · Underlying pre-tax profit £43.7M · FY2025	Last known equity round: Series D · USD 155M · Mar 2025 (led by Ventura Capital, GLG, Sona AM) Published valuation: just under USD 1.2bn (Mar 2025) Confidence index: HighMethod	Solid sources	Declare an intent
5	ParafinUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Series C · USD 100M · Dec 2024Nearly $1B funded annually (2024) · Revenue $100M+ annualized run rate (2025) · Profit: n/d	Last known equity round: Series C · USD 100M · Dec 2024 (led by Notable Capital) Published valuation: USD 750M (Dec 2024) Confidence index: HighMethod	Solid sources	Declare an intent
6	WayflyerIreland · EuropeSources: 1 · 2Is this your company? Report an error	Series B · USD 150M · Feb 2022$2B+ deployed to 20,000+ merchants (cumulative) (since 2019) · Revenue €95.2M (FY2024) · Loss €48M (FY2024)	Last known equity round: Series B · USD 150M · Feb 2022 (led by DST Global and QED Investors) Published valuation: USD 1.6bn (Feb 2022) Confidence index: MediumMethod	Partial sources	Declare an intent
7	KonfíoMexico · Latin AmericaSources: 1Is this your company? Report an error	Series E · amount to be confirmed · Sep 2021MX$26B+ cumulative loans; 85,000+ businesses served · Revenue: n/d · Profit: n/d · Dec 2024	Last known equity round: Series E · amount to be confirmed · Sep 2021 (not confirmed here) Published valuation: USD 1.3bn (Sep 2021) Confidence index: MediumMethod	Partial sources	Declare an intent
8	Funding SocietiesSingapore · Asia-PacificSources: 1 · 2Is this your company? Report an error	Series C · USD 144M · Feb 2022S$6B+ business loans financed (cumulative) · Revenue: n/d · Profit: n/d · 2026	Last known equity round: Series C · USD 144M · Feb 2022 (led by SoftBank Vision Fund 2) No confirmed published valuation Confidence index: LowMethod	Weak sources	Declare an intent
9	FundboxUnited States · North AmericaSources: 1Is this your company? Report an error	Equity round · USD 100M · Nov 2021Key metrics not disclosed	Last known equity round: Equity round · USD 100M · Nov 2021 (led by Healthcare of Ontario Pension Plan) Published valuation: USD 1.1bn (Nov 2021) Confidence index: LowMethod	Weak sources	Declare an intent
10	PipeUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Equity round · USD 16M · Apr 2026$300M+ in 15,000+ advances since 2024 relaunch (Apr 2026) · Revenue $7.1M (estimate) (2024) · Profit: n/d	Last known equity round: Equity round · USD 16M · Apr 2026 (led by Fin Capital and MaC Venture Capital) Published valuation: USD 2bn (2022) Confidence index: LowMethod	Weak sources	Declare an intent

Ranking in descending order of AI-estimated valuation, based on public information, following a published method, with no human intervention on the order. Valuation ranges are indicative editorial estimates: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Edition 0: produced by Claude (Anthropic); a consensus of several AI models will apply in a future edition. Eligibility: at least $1M raised including one equity round, non-listed company, main activity in this segment (loans and revenue-based financing for small and mid-sized businesses). Country shown is the country of main operations. Request a correction

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How to read this ranking

Rank

Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.

Range

An order of magnitude, never a figure.

Hundreds of k$
Millions $
Tens of M$
Hundreds of M$
Unicorn
Decacorn

Confidence

High: recent published valuation or round (under 24 months).
Medium: older data.
Low: single or unconfirmed source.

Full method →

Invest in sME lending, together

Uback aggregates investment intentions from business angels, family offices, corporates and sector specialists worldwide. Every ranked company already has professional investors on its cap table, who have negotiated a shareholders’ agreement: you don’t start from a blank page.

Strength in numbers

Alone, a small ticket opens no doors. Together, Backers carry weight.

Declare an intention

On a company or a sector, with a ticket range. Paid, to show you are serious; transferable as long as it has not been converted.

Critical mass is reached

When the number of Backers and the total of their intentions cross a threshold, the licensed partner contacts the company and presents this demand.

The licensed partner structures

If the company’s expectations and the Backers’ converge, the partner builds a transaction and presents it directly to the Backers concerned.

Closing

Capital raise or sale of existing shares: small tickets are pooled in a common vehicle set up by the licensed partner. Each Backer decides whether to take part.

Uback does not advise, does not negotiate, collects nothing. Each transaction is run by the licensed partner of the company’s country, under the law that governs its shares.

Get notified when intentions open What happens after my declaration? Intention declarations open once the licensed partner signs · price per ticket band · valid 12 months · transferable credit

Challengers

A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.

Sponsored space · no Challenger listed yet

Radar · known eligible companies, not ranked

Sorted by date of last round, with no judgement and no AI call.

Clearco · Canada · North AmericaJul 2019 · USD 50M
Bluevine · United States · North America2019 · USD 102.5M
Lendio · United States · North AmericaOct 2016 · USD 20M

Listed benchmarks

Not ranked: no intention is possible on a listed company.

Funding Circle · United KingdomLSE · FCH
Judo Bank · AustraliaASX · JDO

Sources and method for this segment

Calendar. Global segment rankings are published twice a year. Next edition: January 1, 2027.

Eligibility. At least $1M raised including one equity round, non-listed company, main activity in this segment (loans and revenue-based financing for small and mid-sized businesses). A company appears in one segment only.

Sources. City AM, Fintech Futures, Trending Topics, International Accounting Bulletin, Mexico Business News, PR Newswire, BusinessWire, Sacra, Multiples.vc, Wikipedia, company announcements.

Method and rules, common to all rankings →