Paragon Bank’s SME lending division supported UK SMEs with nearly £300m of new lending during its last financial year, full year figures released today have revealed. In the year to 30 September 2020, the division lent £288m to SME businesses, local authorities and professional services firms. Overall, SME lending was 29.2% lower than the previous […]
Broker forum cherryplc.co.uk has revealed which lenders are felt by brokers to have performed best throughout the Covid-19 pandemic, as well as highlighting problem areas relating to the companies which appear to have faired less well. Studies conducted by the online forum found that lenders which have emerged positively, so far, are Halifax, Coventry for […]
Following a rollercoaster 2020, the amount of VC funding flowing into Europe’s fintech sector seems set to reduce significantly in Q4 2020. VC investments into Europe’s fintech sector totaled €367m across 44 deals in October 2020. According to the research data analyzed and published by Comprar Acciones, it was one of the lowest monthly figures in […]
Select Lifestyles Ltd, has been granted a £5m refinance package through ThinCats, the leading alternative finance provider for mid-sized SMEs in the UK. Since opening its first service in 2007, Select Lifestyles now provides supportive services for adults with learning disabilities and complex care needs across 25 sites. The funding will support its ambitious growth […]
As president Donald Trump continues to show signs of submitting to the election result this past week, RSM has made the case that president-elect Joe Biden will pursue a policy agenda centred around six key themes that UK middle-market businesses, particularly those with existing or future interests in the US, should consider now. Simon Hart, […]
Starling, the leading UK digital bank, has today welcomed Nutmeg, by recent reports the UK’s largest digital wealth manager, to its fast-growing Marketplace. The new service will help Starling’s personal and sole trader customers connect their banking to their investment accounts and pensions, as they prepare to navigate the new year ahead. Founded almost 10 […]
Castle Trust Bank is extending the 0.25% rate reduction on its term products until the end of the year. Responding to huge demand from brokers, the bank will continue to apply the offer to all DIPs on term products issued by the close of business on 31st December. This includes the lender’s popular Bridge to […]
UK shoppers are increasingly choosing to shop online at their local high street businesses over major national retailers, according to data published today by ShopAppy.com, the online platform connecting customers to their local high streets, supported by Visa and NatWest. Since March, ShopAppy has seen a threefold increase in users and small businesses registered for […]
With less than a month to go before the Brexit deadline, Amaiz has published a new report on the readiness of SMEs to face the blizzard of new import and export procedures, customs duties, import VAT, standards, data regulations, financial services arrangements, and a host of other changes. The report, Brexit Brink: Are British SMEs […]
Marqeta, the global modern card issuing platform, today released the second part of its European Banking report, based on a survey of 200 European banking executives, about the challenges they are facing when trying to respond to the greater need for payments innovation in the wake of the Covid-19 pandemic. According to the findings, 94% […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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