Future Digital Merchant Bank, Greengage, launches real-time data analysis
Providing SMEs and Crypto-asset companies with in-depth market insights
Gibraltar, London, 27 July 2021: Greengage, which is currently seeking licence permissions to become a digital merchant bank, has joined forces with leading fintech provider, mnAI, to provide their clients with access to millions of real-time data points across all UK business sectors. Adding access to rich data surrounding SMEs in the UK, will open up this information to their clients, in order to provide more informed decision making.
Greengage is building the first digital merchant bank in Gibraltar focusing on two underserved business segments – UK SMEs and Cryptocurrency businesses. The company facilitates lending against cryptocurrency via introductions on a B2B basis and is currently in the pre-authorisation stage with regulatory authorities to provide a suite of classic banking products and services across both traditional fiat currencies and cryptocurrencies. Post-regulatory approval, it will offer loans to SME clients from its anticipated crypto-asset client depositors.
mnAI’s platform uses artificial intelligence and machine learning algorithms to track every UK company in real-time. Clients such as Greengage benefit from over 9.5bn data points covering more than 7 million UK companies.
In July 2021, the market capitalisation of all cryptocurrencies surpassed $1.4 trillion , and despite more than 100 million unique users investing in cryptocurrencies globally , the sector is still not fully supported by traditional financial services. Being able to map the extent of the existing crypto-asset company ecosystem allows Greengage to better understand existing funding gaps in order to support crypto-asset companies with access to mainstream banking. Equally, Greengage recognises the need to resolve the funding gap for SME companies who face a similar problem of lack of access to bank lending.
CEO of Greengage, Sean Kiernan, commented: “Greengage are facilitating access to the mnAI SME data and analysis to help provide additional insights into the important SME sector, and to start discussions with potential interested partners to address the £22bn+ SME funding gap as highlighted by the Bank of England”. 
mnAI CEO, John Cushing, added: “We’re delighted to work with Greengage. The collaboration is an excellent opportunity to showcase not only the power of mnAI, but also the services that Greengage offers to their clients, and we’re excited to be part of their journey as they continue to grow.”
Greengage is currently engaged in the application process with the GFSC to receive a Gibraltar banking licence.
 Coinmarketcap: " Today's Cryptocurrency Prices by Market Cap," last accessed 8 July 2021, https://coinmarketcap.com/.
 Cambridge Centre for Alternative Finance: "3rd Global Cryptoasset Benchmarking Study," (September 2020), https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/3rd-global-cryptoasset-benchmarking-study/.
 Bank of England: “An open platform for SME finance,” (June 2019), https://www.bankofengland.co.uk/-/media/boe/files/research/an-open-platform-for-sme-finance