Momenta Finance Reviews 

Avoid this firm .. Unfair Practices and Exorbitant Charges

Our experience with Momenta Finance / Merchant Money has been nothing short of a nightmare. In April last year took a loan of with terms that allowed for early closure, accruing interest only up to the closure date. Despite this, our attempts to repay early were consistently denied, and we were met with demands for exorbitant amounts far exceeding our expectations. By the time I had paid nine installments, they were effectively asking me to repay a sum almost twice the loan amount within one year, resulting in an absurd interest rate of approximately 71%.

During this period, my business bank account faced repeated blockages due to international transactions, which I promptly informed Merchant Money about. Nonetheless, their legal team communicated a demand almost twice the loan amount, including uncapitalised future interest and unfair legal expenses. When I attempted to close the loan early in February, the quoted settlement was significantly higher than the expected balance according to their repayment chart. My queries about this discrepancy were ignored.

Furthermore, despite multiple attempts to reset the direct debit to a different bank account, these requests were consistently declined. To my shock, I discovered a County Court Judgment (CCJ) against me via Experian, with no prior correspondence or warnings. Adding to the distress, it turned out that the individual who had issued the payment demand was not associated with the stated firm, raising serious concerns about the legitimacy of their actions.

This entire deal has caused immense professional and personal distress. Merchant Money's refusal to cooperate, their misleading communication, and the issuance of a CCJ without prior notice have been profoundly unfair

First class service

Every step of the way was great help great professionalism 5 star all the way

From start to finish the process was seamless , a very helpful company to do business with.

Very quick and straightforward, funded in full using an all-online onboarding process.

Momenta were very easy to deal with and the process was very speedy

Offer no support if you face financial difficulties. Instead would rather call upon PG's

simply pleasing. they stand with you.

They are very professional I gad dealt with them for few years and always great service

Fantastic experience from start to finish. Open dialogue with clear actions and requirements made the whole process simple and fast. I hope to work with momenta again for future funding requirements.

Great service speedy decision and quick drawdown of funds

We had an excellent experience with Momenta from start to finish. Our requirement was not straight forward by any means however the team (Emma, Tom, Luke, Owen & Rachael) were incredibly accomodating and got us the funds quickly! With this funding we've been able to buy our business premises and this will help take our business to the next level. This is something we couldn't have done without Momenta as we had already been declined by our bank.

Thank you all and we look forward to doing further business with you in future!

Owen Fish, Emma Bacon and the team at Momenta Finance were extremely professional and very customer focused. Their pragmative approach was a keystone to closing my latest deal. This approach stems from the leadership of Luke Jooste who was very hands on, straight forward and customer orientated.

This is the second project that I have completed with them. It is now very clear to me that Momenta Finance is the benchmark of what a true lending partner should be.

Many developers primarily focus on the rates, but the key is that you have a lender that is part of your team. Understands your challenges and is flexible in their approach when you come across bumps on the road.

I have always spoken directly to decision makers, thus making the process swift and painless. They truly focus on growing long term relationships rather than putting profit before their clients.

Detail info easy to follow online instructions and speed of delivery

Had a great experience with Momenta Finance. Extremely proactive and practical approach to lending. The most transparent, smootest and fastest transaction closing we have experienced. Our client is super happy.
Definitely will recommend Momenta Finance.

They really understood my business and looked deeper than a computer algorithm when making their decisions. Speaking to helpful and enthusiastic people added to a very positive experience.