Around 81% of SMEs in the United Kingdom are looking for some kind of cash injection from external sources to support their business, and almost 12% out of that said crowdfunding is their most preferred finance option. Disclosing this, the annual SME Confidence Tracker Survey of 500 UK SME owners and decision-makers conducted by Bibby Financial Services said the top three preferred options were business loans (34%), credit cards (30%), and overdrafts (29%). Meanwhile, the following four preferred finance options were government loans (21%), invoice finance (19%), private equity (14%), and asset finance (12%).
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.