RealTime IT News

MoneyZone.com Gains Foothold in Europe

[May 17] Internet corporate finance site MoneyZone.com announced Wednesday the appointment of Fenwick Chapman Associates as its U.K. affiliate in a significant overseas expansion of its services.

"Fenwick Chapman will be our eyes and ears in the U.K., helping us establish necessary relationships and aggregate appropriate deal flow," said Nick Pili, vice president of MoneyZone.com.

The services offered by MoneyZone.com enable users to make contact with venture capitalists and investment banks to fund their business growth and expansion. The site has a forum where companies can buy and sell businesses, while helping them find advice on a whole range of financial and technological issues.

Currently, MoneyZone.com has agreements with eight major U.K. banks and with over 20 venture capitalists and investment sources. Within a few weeks, users will be able to apply online for commercial loans and venture capital via the site.

Fenwick Chapman Associates has been working with MoneyZone.com for nearly a year, helping to tailor the site for U.K. users. Managing Director Clive Warden characterized the result as "the U.K's only corporate finance megasite".

MoneyZone.com, which is partly owned by Global Capital Partners, Inc. of North Carolina, has a partnership with Bloomberg.com to provide interactive content and features to Bloomberg's Banking and Loan Center and Entrepreneur Network.

Promotion of the U.K. site begins later this year, with a campaign currently being devised by Long Haymes Carr.