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Four fintechs share £40m funding pot to boost small business finance in UK

Four fintechs share £40m funding pot to boost small business finance in UK

Four fintechs have been awarded £40m between them to address the £10bn funding gap caused by the lack of small business finance in the UK. The £40m is part of a £775m programme funded by Royal Bank of Scotland as a condition of its bailout during the financial crisis.A total of £425m will be given in cash grants to rival business banks and financial technology companies to support small businesses.

 

 

Fintech