UK’s Neobanks Eye Expansion As Small Business Lending Grows

UK’s Neobanks Eye Expansion As Small Business Lending Grows

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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