- Novuna Business Cash Flow provides instantaneous cash flow injection to SMEs and larger corporates following rebrand with fast digital on-boarding transformation
- The rebrand under the new trading style of NOVUNA takes place at the same time the company moves from Hitachi Capital (UK) PLC to Mitsubishi HC Capital UK PLC, following the merger last year of its parent company, making it part of Mitsubishi HC Capital Inc., one of the world’s largest and most diversified groups
- Range of cash flow solutions with flexible contract terms extended to larger corporate customers
14 February 2022: Novuna Business Cash Flow officially launches today, completing the rebrand from Hitachi Capital Invoice Finance which was announced towards the end of last year.
The launch of the Novuna brand, which means ‘new together’, is marked by a commitment from the business to support a broader range of customers, by providing funding lines above £10m for larger corporate customers as well as providing a cash flow solution for SMEs.
In line with the digital transformation that SMEs have undergone since the onset of Covid-19, Novuna Business Cash Flow is also doubling down on its core strength and seeking to boost the liquidity of businesses across a wide range of sectors with the provision of FLi, its market leading onboarding solution. The intuitive platform provides fast access to up to 90% of the invoice value within 24 hours, providing a competitive advantage for businesses.
Speaking following the Novuna launch, Andy Dodd, Managing Director, Novuna Business Cash Flow, said:
“The launch of our new brand is an exciting new chapter for our business. At a time when many businesses are seeking to boost their liquidity after the past two years of unprecedented uncertainty, it provides us with a unique opportunity to create a bolder, fresher proposition in a way that is more aligned to the way that both we and our customers operate.
“As business confidence among SMEs and larger corporates improves, it is important they have access to instantaneous, yet flexible cash flow injection that can solve their cash flow needs both quickly and simply. We have prioritised our digital transformation to ensure we are meeting the needs of our existing client base, but also so we are equipped to support a wider range of corporate customers with higher levels of turnover.”
Novuna will operate as one of the UK’s leading cash flow finance providers, enabling more businesses with a turnover of up to £50m to take advantage of the flexibility afforded by Novuna Business Cash Flow which enable SMEs and larger corporates to trial its product before entering a contract.
The backing of Mitsubishi HC Capital Inc. will allow Novuna to build on these strong foundations with the opportunity to leverage the size, scale and expertise of its new parent company in order to realise the company’s ambitions.
Each of the other business divisions will operate under Mitsubishi HC Capital UK PLC’s trading style, including Novuna Vehicle Solutions, Novuna Consumer Finance, Novuna Personal Finance and Novuna Business Finance. The European division has adopted the Mitsubishi HC Capital trading style as part of its collaboration with the parent company, Mitsubishi HC Capital Inc.
Notes to Editors:
Novuna is a trading style of Mitsubishi HC Capital UK PLC, created from the Latin words Novo – New and Una – Together.
Novuna is a trading style of Mitsubishi HC Capital UK PLC, the new name for Hitachi Capital (UK) PLC and a leading financial services company, authorised and regulated by the Financial Conduct Authority (FCA). We have over 1,600 employees, £6.3bn of net earning assets and over 1.3 million customers across five business divisions; Novuna Consumer Finance, Novuna Vehicle Solutions, Novuna Business Finance, Novuna Business Cash Flow and our European division specialising in Vendor Finance. For over 40 years, formerly as Hitachi Capital (UK) PLC, we have worked with consumers and small to medium enterprises (SMEs) as well as corporate multinationals in the UK and mainland Europe, enabling millions of consumers and businesses to achieve their ambitions.
From 1 April 2021 we became a wholly owned subsidiary of Mitsubishi HC Capital Inc., strengthening our relationship with one of the world's largest and most diversified financial groups with over £60bn of assets.
Novuna Business Cash Flow
Novuna Business Cash Flow, the new name for Hitachi Capital Invoice Finance, provides cashflow finance solutions to SMEs across a wide range of sectors in the UK, allowing businesses to release cash from unpaid invoices within 24 hours.
With remote digital on-boarding through FLi, its unique platform, and flexible approach to contracts, Novuna Business Cash Flow was recognised for Best Service from an Invoice Finance Provider at the 2021 Business Moneyfacts Awards.
Novuna Business Cash Flow is a trading style of Mitsubishi HC Capital UK PLC, part of Mitsubishi HC Capital Inc., one of the world’s largest and most diversified financial groups, with over £60bn of assets.