How fintech financing is plugging the 2.5 billion funding gap for small businesses in the UK

"Many businesses are feeling the squeeze from increased operating costs, slow revenue recovery and, crucially, the ongoing struggle to secure funding."

"The UK's traditional lending system can present challenges to smaller and newer businesses, with extensive documentation, lengthy approval times, and strict lending criteria creating barriers for SMEs."

"Four in ten SMEs prefer fintech lenders over mainstream banks when seeking business finance, highlighting a shift in financing preferences due to traditional funding barriers."

Read at Business Matters