The UK’s Small Biz Revival: Meet the New FSA‑Regulated FinTech Hub
On January 10th, a brand‑new FinTech platform rolled out under the FSA’s watchful eye, promising to give the UK’s small business and self‑employed crowds a much‑needed boost. Why this matters: recent studies reveal that the cost of running a business in London is driving many small firms into the red.
Finuteal’s Promise: 1.9 Trillion Pound Punch
Small firms generate a staggering £1.9 trillion a year – that’s 51% of all private‑sector turnover in the UK. The key to that figure? Accessible finance. If you can’t get the capital you need, those numbers drop fast.
Enter the FSB Funding Platform
Built by Finpoint, this tool uses smart matching tech to hook applicants up with over 100 finance providers. Think of it as a digital matchmaker: a bit like Tinder for business loans.
What the Pilot Showed
- Small firms applied for an average of £39,000 when using alternative finance – about half what they’d ask a bank.
- Two‑in‑five of them sought funds for equipment, and another two‑in‑five aimed at working capital to juggle short‑term ops or cover late payments.
Voices From the Front Lanes
Michael Lassman, FSB’s London Chair gushes, “We’re thrilled to roll out this platform. It blends cutting‑edge tech with simple, human‑friendly service. It’s a real game‑changer for small sellers.”
Guy Bridge, Finpoint MD adds, “We noticed the market lacked transparency. We’re all about high‑quality service – when you call, someone will pick up. We love the FinTech vibe – technology + finance + plenty of human touch.”
Take the Leap
Ready to tap into new funding streams? Give the FSB Funding Platform a spin today and watch your business flourish.
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