SMEs trading banks for fintechs, poll suggests

By James Harkness · 19 March 2018 · Finance

SMEs trading banks for fintechs, poll suggests

SMEs Abandon Traditional Banks for Fintechs

Australian small businesses are poised to make a seismic shift in their funding habits, but what does this mean for the future of finance? Find out why fintechs are set to overtake banks as the preferred source of growth funds.

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Summary

Fintech and other non-bank lenders are set to overtake banks as the preferred source of growth funds for Australian SMEs, the latest Scottish Pacific SME Growth Index suggest. [Related: Let's Talk… Fintech, FinTech Australia’s CEO steps down but will continue to help Aussie fintechs from Asia and Fintech Code of Conduct recommended by report into best-practice for SME […]