The UK's Six Most Innovative Fintechs For SMEs

The Open Up Challenge, created by Nesta in 2017, has just announced their six winners of 2019. The competition was created to promote the development of innovative fintech products and services for small businesses, with the winners being awarded £200,000 each to help accelerate their growth.

The winners for 2019 are:

- Coconut - a current account with accounting and tax capabilities built in. It is designed specifically for people who are freelancers, self-employed or small business owners. 

- Fluidly - provide technology which plugs into accounting packages and bank accounts, and uses machine learning to predict and optimise business finances.

- Funding Circle - a global small business loans platform, matching businesses that want to borrow with investors who want to lend in the UK.

- Funding Options - Europe's leading online marketplace for business finance that scans the market to find the best financing options for small businesses' needs.

- OpenWrks - builds the technology that makes Open Banking work. Their comparison service provides SMEs with a personalised comparison of banking products based on how they run their business.

- Swoop - a one-stop shop for businesses looking to raise and save money by simplifying and speeding up access to loans, investment, grants and financial savings through a single automated process.

To read more, click here.