Dorchester: Aldermore backs Quba Solutions with £10m facillity

Dorchester-based Quba Solutions, has agreed a new finance facility totalling £10 million with Aldermore, the specialist bank.

Founded only three years ago, Quba offers contract finance products to the recruitment industry, combining both funding and back office capabilities to their customers via an online platform. The platform allows users to finance their working capital requirements, as well as offering debt insurance cover and assistance with digital timesheets and accounting.

The finance facility from Aldermore will enable the business to expand into multiple sectors and further solidify their position as the financier of choice for the recruitment sector.

Ashley Lyas, founder and director of Quba Solutions, said: “We are delighted to be working with Aldermore and look forward to a fruitful working partnership over the coming years. We have a long-standing vision to become the leading invoice financier in the recruitment sector and believe that our digital platform offers something genuinely unique to the marketplace.

“Compared to other more traditional lenders in the market, Aldermore is a forward-thinking and diverse organisation. What set them apart was the time they took to understand our business, resulting in them being able to deliver on all the changes we set them with pace and precision.”

Stuart Baty, head of business development - invoice finance at Aldermore, said: “Quba offer their clients a great product and all throughout the business we can see they have a real passion and vision for what they do. Their platform makes things easy for their customers, helping new businesses succeed. We look forward to working with Ashley and his team as they continue on their fantastic journey.”