When the alternative finance providers entered the market to satisfy small businesses demand for finance, it was personal investors who provide the cash. We are now seeing institutional investors taking serious interest in the sector with announcements of tie-ups from Funding Circle and Thin Cats.
As well as holding back growth, late payment can have a costly impact on small businesses. BACS, the payment service provider, has taken a look at how late payment can affect small businesses, both in terms of cash and other knock-on effects.
To close this Bulletin, news from short-term lender Iwoca, which has announced agreements with another two major High Banks to utilise the benefits of Open Banking. Another step forward in speeding up access to finance.