Nearly half (44%) of SMEs have never checked their company’s credit score, according to research from RateSetter Business Finance. Credit scores are used by lenders to determine whether businesses have a good track record of repaying debt, and are therefore one of the key factors affecting an SME’s ability to get a loan. Credit reference…

Alternative finance provider, Reward Finance Group has appointed Gemma Wright as Commercial Director with the responsibility to prepare the business for its next stage of development. Wright previously spent more than 17 years with RBS where she became director of Invoice Finance with responsibility for leading a number of sales teams across the North. Nick Smith,…

Online business lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). Jens Woloszczak, Spotcap Founder and CEO: “We’ve experienced significant growth over the past three years, which is a testament to the fundamental need SMEs have for flexible and accessible financing. With close to 60 percent of…

Business Peer to Peer lender ArchOver has revealed that it has nearly doubled its overall lending in the first nine months of this year. Since January 2017, total lending over the platform has reached £21.39 million, bringing the cumulative total that ArchOver has lent to date to over £48 million. Proving that the appetite for P2P…

Metro Bank has announced the appointment of Roger Fenwick as Director of Specialist Sectors for its commercial business, responsible for the expansion and development of the bank’s dedicated sector teams. Reporting directly to Mark Stokes, Managing Director Commercial Banking, Fenwick will oversee the bank’s healthcare, hospitality and leisure, insurance and financial services, and property teams.…

The British Business Bank, the UK’s national economic development bank, has published The Benefits of Diverse Finance Markets for Smaller Businesses, a report that provides a fresh analysis of the need for greater choice for the UK’s smaller businesses looking for finance to grow. The report explains why and how the Bank works to help increase…

New research has found that 65% of businesses embrace fintech. Business finance company MarketInvoice surveyed UK businesses on their awareness and adoption of fintech (financial technology) products and services. 77% of UK businesses are aware of fintech products and services and two-thirds (65%) have adopted at least one fintech application, with a fifth (19%) taking…

Businesses trading in the Americas have been warned about potential payment delays in a new report by trade credit insurer Atradius. The Atradius Payment Practices Barometer is an annual research report into the payment behaviours of global businesses and was prepared ahead of the recent natural disasters that have severely impacted parts of the region.…

European Fintech event LendIt Europe has announced the finalists for its 2017 PitchIt competition. LendIt’s PitchIt competition this year hosted and co-organized by Startupbootcamp FinTech, sees the very best of Europe’s fintech startups going head to head to compete in front of some of the biggest VCs in technology. The LendIt event will be taking…

The latest SME finance monitor report has showed that 8 out of 10 SMEs are refusing to apply for new finance as a result of Brexit uncertainty. Angus Dent, CEO of Peer to Peer lending platform ArchOver, on why that is the wrong approach for businesses and why a strong UK economy needs companies to…

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