UK’s Neobanks Eye Expansion As Small Business Lending Grows

T2Covered by 1 source · first reported by PYMNTS at 15 Oct, 19:21 UTC

Some of the U.K.’s digital lenders to small businesses have reportedly reached profitability more quickly than consumer-focused FinTechs. That’s according to a report Thursday (Oct. 15) by the Financial Times (FT), which said this trend comes as small- to medium-sized businesses (SMBs) turn to…