The UK’s fastest growing fintech Allica Bank delivers another record year April 16, 2025 Allica Bank, the UK’s fastest growing fintch, nearly doubled its profit in the last year after another period of rapid growth. The digital bank, which caters towards small and medium-sized enterprises (SMEs), increased pre-tax profits 86 per cent to £29.9m. Lending activity grew over £1bn in 2024 and revenue shot up 68 per cent to [...]
Iwoca: Fintech lender secures £200m debt to support larger SMEs November 11, 2024 Small business lender Iwoca has secured £200m of debt funding as the fintech looks to grow its market share through bigger loans.
Optimism among UK SMEs rises for third straight year September 23, 2024 Optimism among the UK’s small and medium-sized businesses has grown for a third consecutive year in a positive sign for the domestic economy, according to fresh data. Around seven in ten SMEs said they felt confident about the future of their company, rising from 67 per cent in 2023 and 65 per cent in 2022, [...]
Bad data holding back lending to UK’s small businesses, fintech chief warns September 6, 2024 High street banks are keen to lend more to small businesses but being held back by poor data sharing, the head of of a government-backed fintech hub has said, hailing the sector's potential to boost UK economic growth.
Signs of ‘recovery and stability’ surface for Britain’s SMEs August 29, 2024 Signs of 'recovery and stability' for Britain's small and medium-sized enterprises (SMEs) have surfaced amid an increase in broker optimism.
Jagjit Chadha: Why investment is necessary to stop the economy from ‘withering’ July 4, 2024 Report after report has found that the UK invests too little as a share of national income, often lagging behind other rich economies.
SME lender Simply Asset Finance posts record revenue as small firms shun big banks May 13, 2024 Specialist lender Simply Asset Finance has posted a record annual revenue as small and medium-sized enterprises (SMEs) turn away from big banks for funding.
What is a grant? Here’s how to get money to start a new business April 20, 2024 How can you start a business if you have no money?
Easyjet founder’s charity hands out £300k to three budding entrepreneurs April 17, 2024 A new UK competition, set up by the founder of Easyjet, Sir Stelios Haji-Ioannou, has just awarded a total of £300k to three young entrepreneurs on a mission to contribute to growth and job creation. The Stelios Philanthropic Foundation, established by the Greek-Cypriot entrepreneur, held its inaugural Young Entrepreneurs Awards yesterday in one of the [...]
Lending to small and mid-sized firms drops for third straight year as banks pull back March 13, 2024 Lending to small and medium-sized enterprises (SMEs) dropped for a third straight year in 2023, according to new data, as businesses ditch big banks for specialist lenders.