iwoca, one of Europe’s largest small business lenders, has today announced the expansion of its merchant cash advance product to small businesses to all businesses accepting card payments in the UK. The merchant cash advance will enable small businesses to repay their loan based on their sales and stay in control by choosing what percent […]
Marqeta, the global modern card issuing platform, today released its predictions for 2022, offering insights for the financial services industry. Ian Johnson, SVP and managing director for Europe, comments: “In the next year, we expect that we will continue to see great innovation in the payment sector – from AI-driven smart wallets to the growing […]
Private sector activity grew at a similarly strong pace in the quarter to November as the previous month (balance of +32% from +29%). Activity has now been growing at an above average pace for seven consecutive surveys, according to the CBI’s latest Growth Indicator. The composite measure is based on responses to CBI surveys from 551 firms between 26 October and 16 November. Growth remained broad-based and above average across all subsectors. […]
The specialist lender introduces a number of enhancements for buy-to-let (BTL) customers These include offering BTL loans at up to 80% LTV with rates reduced on 5 year fixed products The Bank has also reduced its affordability stress rate for 5 year fixed products, whilst streamlining the documentary requirements for self-financing BTL loans Metro Bank […]
London-based regtech Artesian : DueDil has today announced a solution to one of the most complex challenges impacting banks and financial service institutions. The company is set to launch its new Ultimate Beneficial Owner (UBO) API endpoint, to improve onboarding speed and customer experience, whilst vitally mitigating regulatory, financial, and reputational risk. Obtaining comprehensive UBO […]
Brickflow, the UK’s first search engine for development finance, reports a record number of loan terms – £88m – were issued through its deal forum in November. The deal forum is similar to a competitive tender process; developers input their project details and Brickflow’s algorithms select the lenders most likely to make a loan offer. […]
Two-fifths of small businesses (43%) report that their performance is back to pre-pandemic levels, with nearly a third (30%) stating they are performing better than they were in February 2020. The research from Enterprise Nation and Starling Bank reveals that while 40% of businesses are yet to bounce back, more (43%) say they are recovering […]
Entrepreneurs in the UK predict strong business growth of 37% for 2022, as new research from Barclays Eagle Labs highlights support that could help unlock further growth for early stage businesses. 58% anticipate an increase in turnover in the next year, with the South West (72%) the most optimistic region, followed by London (67%), the […]
METCLOUD, the innovative cloud and cybersecurity provider, has secured £1,000,000 funding from Midlands Engine Investment Fund (MEIF) West Midlands Equity Fund, managed by Midven, part of the Future Planet Capital Group, for its multi-award-winning platform. Launched in 2017, Birmingham-based METCLOUD has rapidly established itself as one of the most innovative cybersecurity and cloud technology providers in the UK. […]
A proactive approach to sustainable policy-making at Cerberus Receivables Management (CRM) has been recognised by a leading global sustainability rating scheme. The Salford-based specialists in recovery and realisation of receivable assets were invited to submit to the EcoVadis Sustainability Assessment by NatWest as one of their preferred suppliers in support of the bank’s mission to […]
30/11/2021
Edition 295 – November 2021
Well read? By Business Money group editor Robert Lefroy Great expectations Jo...
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