We are proud to announce that Praetura Asset Finance, a leading independent asset finance funder and part of the Praetura Group, has adopted verifi’s virtual asset inspection platform.
This partnership highlights how leading specialist lenders are adopting highly targeted technology to enhance, rather than replace, grounded human expertise and perfectly aligns with Praetura’s guiding philosophy of placing people at the heart of business lending. As Praetura continues to expand its support for UK SMEs, leveraging verifi's technology ensures the lender’s expert team can spend less time navigating administrative friction and more time delivering the flexible, relationship-led funding its broker partners and clients rely on.
Unlocking Frictionless Funding
Praetura stands apart in the market as a relationship-led lender, actively rejecting a "computer says no" approach in favour of human expertise and adaptability. However, verifying the existence and condition of assets across a diverse portfolio using legacy physical inspections has the potential to create an operational bottleneck that slows SMEs’ access to capital.
By integrating self-certifi, Praetura empowers brokers, supplying dealers, and SME customers to conduct their own secure asset inspections in minutes via a mobile device. This digital efficiency refines the funding journey, removing days of waiting for an inspector to attend a site, and accelerates the payout process; enabling Praetura to seamlessly scale its operations while keeping the customer experience entirely non-intrusive.
Uncompromising Security
For a lender managing a rapidly expanding portfolio, security and risk mitigation are paramount. To ensure speed does not compromise asset security, Praetura will have access to verifi’s proprietary spuuf model, verifi’s "silent hand" technology, which operates in the background to instantly validate the authenticity of every image, mitigating the risk of misrepresentation about the assets being funded.
Jonathan Garnett, verifi co-founder, commented:
"Praetura’s commitment to being a true partner to SMEs, rather than just a transactional lender, is exactly why our platform exists. Legacy physical inspections act as a handbrake on that kind of highly responsive service. By removing the wait times associated with legacy inspections, we are helping to remove bottlenecks in the lending process allowing Praetura's “human touch” to focus on what they are best at. They get reliable, consistent, actionable asset data they need instantly, allowing them to focus entirely on structuring the right deals for their clients."
Ric Simmons, Managing Director at Praetura, says:
"Our premise has always been to put the needs of business founders and leaders first, so integrating verifi’s platform supports our goal of offering a simple and frictionless service that enables clients to access funding, faster, while also streamlining our underwriting process and protecting our commitment to sustainable credit policies.
“Embracing new technologies is an important part of evolving with the lending landscape, particularly when those systems reduce administrative burden, enhance client experience and ultimately, offer our talented team more capacity to provide the consultative approach to lending for which we are known."
About Verifi Asset Protection Limited
verifi is a professional and trusted provider of leading-edge technology for banks and asset finance providers. The company’s "self-certifi" inspection platform allows finance customers and dealers to conduct their own asset inspections via a mobile device, eliminating the need for traditional, in-person inspections. verifi’s proprietary technology, which includes real-time image validation and geo-location tools, helps lenders mitigate fraud and risk at all stages of the finance lifecycle.
For more information or to arrange a demo of our platform, please contact us at [email protected] or visit www.veri.fi.
About Praetura
Praetura is an independent SME lending partner that specialises in a collaborative, consultative approach. The firm’s specialist asset finance division offers a range of solutions including hire purchase, leasing and refinancing, while the broader firm offers full lifecycle funding from new-start to corporate. Praetura combines expert industry knowledge with a willingness to go the extra mile for clients, brokers, and advisers, consistently working to close the funding gap for ambitious businesses.
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