UK’s Neobanks Eye Expansion As Small Business Lending Grows

Overview

Some of the U.K.’s digital lenders to small businesses have reportedly reached profitability more quickly than consumer-focused FinTechs. That’s according to a report Thursday (Oct. 15) by the Financial Times (FT), which said this trend comes as small- to medium-sized businesses (SMBs) turn to these neobanks for funding as traditional lenders turn them down. Now, […] The post UK’s Neobanks Eye Expansion As Small Business Lending Grows appeared first on PYMNTS.com.

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