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“Alibaba Group Holding Ltd has enlisted two UK startups to provide financing for small British businesses looking to buy from Chinese suppliers, aiming to help cash-strapped firms access the world's largest economy.”
“Online lending platform EZBob Ltd closed a Series C funding round with a 20 million pound ($28.81 million) equity investment from Leumi Partners”
“Ezbob has raised money from fund manager Oaktree, in a sign that non-bank lending is becoming more mainstream”
“Bank to provide quick loan service to small and medium-sized businesses”
"NatWest (part of the RBS group) is set to launch a new digital platform to allow small and medium sized businesses (SMEs) to quickly obtain unsecured loans of up to £150,000."
"Fans of financial technology (fintech) have been all abuzz about how new tech-driven financial services will threaten, and ultimately end, the dominance of banks"
"Much has been said and written about the impending doom of banking, as customers begin to flock over to Fintech products and services"