Though the annual growth rate of lending to small and medium enterprises (SMEs) in the United Kingdom is at a record low, MotoNovo Finance managed to increase its lending to the SMEs planning to buy new vehicles by 55% last year. Surprisingly, MotoNovo Finance’s growth in loans to SMEs is in stark contrast to the scenario reported by the Federation of Small Business (FSB), which recently stated that applications for finance from SMEs during the past 12 months had nosedived to the lowest level on record. Meanwhile, MotoNovo helped SMEs by offering more than £100 million as vehicle finance last year.
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.