News

August 15, 2019

£425m handed out and dozens of promises to improve small business banking

But will these make a real difference?


Maija Palmer

4 min read

Small businesses in Britain should soon be spoilt for choice when it comes to banking. Why? Because 15 challenger banks and fintech companies have now received a total of £425m which must specifically be used to create better banking services for small companies.

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Photo of Oliver Prill, CEO of UK SME bank startup Tide.
Oliver Prill, CEO of UK SME bank startup Tide, which is partnering with ClearBank.
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