A new crowdfunding platform offering both debt and equity funding has launched, providing finance to UK small and medium businesses.

Funding Tree is an FCA-regulated platform offering businesses the chance to pitch for loans and investments funded by a pool of business angels.

The business says its goal is to partner with UK SMEs and build long-term relationships, as opposed to one-off transactions.

Deals currently live on Funding Tree include:

Premier Digital Media (seeking £40k loan) - Berkshire-based company that produces innovative accessories to wirelessly extend the usage time of smartphones and tablets.

Qwaqoo (seeking £100k for 15% equity) - The must-have product for businesses needing to fill cancelled appointments or wanting instant footfall.

Dolce Gelato (seeking £100k for 30% equity) - A new restaurant concept in the dessert market that offers a unique, modern-day Gelateria dining experience .

Dillen Iyavoo, Funding Tree’s CEO, said: "The finance requirements of companies are always changing and, during a typical growth cycle, will often switch from equity to debt and back again.

“It’s these changing demands that we have set out to accommodate with Funding Tree, which is able to offer UK SMEs the type of finance they need when they need it.”

Funding Tree joins a growing range of crowdfunders targeting small businesses and start-ups. In the UK, these include Crowdcube, Kickstarter, Crowdfunder and Seedrs.com.