Yo-Go’s electric NEVs: a new contender in urban micro-mobility
Yo-Go, a UK-based start-up, has launched a pilot scheme in Fulham featuring its Neighbourhood Electric Vehicles (NEVs), which could present …
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UK SMEs increasingly rely on credit cards due to restricted financing access
Small and medium-sized enterprises (SMEs) in the UK are increasingly turning to credit cards as a financing option due to …
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UniCredit unveils $2.37bn financing initiative to support SMEs in CEE
UniCredit has introduced the “UniCredit for CEE 2025” programme, allocating €2.3bn ($2.37bn) to support small and medium enterprises (SMEs) …
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Compass expands construction sector focus with new appointments
Compass Business Finance has strengthened its presence in the construction sector by appointing a team of new specialists to enhance …
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Acquis appoints Craig Ault as CRO
Specialist insurance provider Acquis has named Craig Ault as its new Chief Revenue Officer (CRO). Ault will lead the company’s …
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Skipton Business Finance provides $3m invoice finance to PEC Packaging
UK-based Skipton Business Finance has extended a £2.5m ($3.05m) invoice discounting funding line to PEC Packaging to help navigate post-Covid-19 …
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UK asset finance market declines by 4% in November 2024
Total asset finance new business (primarily leasing and hire purchase) fell in November 2024 by 4% compared with the same …
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Funding Xchange appoints Paul Gordon as non-executive chair
Funding Xchange (FXE), an SME lending specialist, has announced the appointment of Paul Gordon as non-executive chair of the Group. …
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Shawbrook pauses asset finance applications
Shawbrook has announced a pause in new applications for its asset finance facilities, effective from 31 January 2025, to focus …
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NETSOL Europe appoints Simon Bryant as Head of Wholesale Sales
NETSOL Technologies Europe Ltd., a global provider of technology for the asset finance and leasing industry, has announced the appointment …
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BBI unveils £20m funding facility for Sprk Capital
British Business Investments (BBI), a commercial subsidiary of the British Business Bank (BBB), has announced an initial £20 million funding …
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New frontiers in asset finance as AskThea and Compose hit the market
According to recent GlobalData analysis, the total market for AI was worth $103 billion in 2023. Estimates suggest that, by …
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Paragon Bank partners with Alfa
Paragon Bank has announced a partnership with Alfa to overhaul its commercial lending operations, implementing a new system to replace …
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Ultimate Finance achieves record loan book of $414m in 2024
Asset-based lending specialist Ultimate Finance has announced achieving a record-high loan book of £342m ($414.55m) in 2024. The growth was fuelled …
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What’s ahead for SMEs in 2025: opportunities, challenges, and growth strategies
As 2025 begins, SMEs are setting their sights on the opportunities and challenges the year ahead may bring. The past year …
