GoCardless and Pipe Launch Joint Venture to Provide Loans to UK Small Businesses
Analyzed 1 source • 0m ago- GoCardless and Pipe's joint venture targets UK small business loans.
- Bank lending to small businesses fell by 18% last year.
- GoCardless uses payments data for pre-approved capital facilities.
- Pipe assesses risk using anonymized data, ensuring accessibility.
- Small businesses report needs for financing for growth and cashflow.
- Almost £7 million in capital has been advanced in early results.
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