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New banks tackle the SME market

  How challenger banks are stepping up their lending to small businesses to boost their market share. These days it’s hard to miss Monzo’s bright orange debit cards at ATMs and shops. It’s also hard to miss the growing impact of challenger banks as they become more and more active in financing growth businesses. Since 2008, more than 50 new banks have been granted licences in the UK. And many of those banks have carved out a niche for themselves as lenders in the SME space. However, they still face difficulties that are holding them back from reaching their full… continue reading

March 25, 2019