Tech to boost SME finance market

New research from PwC has found that technology will help to grow the UK SME finance market by £4.1bn within a decade as tech companies and peer-to-peer lenders move into small business lending. PwC predicts that established tech players and peer-to-peer lenders will carve out a 37% share of the SME finance market between them by 2030. PwC sees five key “enablers” weighted in favour of disruptors: technology, regulation, switching, talent and funding.

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