UK’s Neobanks Eye Expansion As Small Business Lending Grows

Source excerpt · PYMNTS

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 Exp…