FundingSearch, a commercial finance platform based in Sheffield, has been invited by the Financial Conduct Authority (FCA) to take part in its SME Finance Techsprint. The event focuses on regulatory innovation and aims to explore new technologies that support small and medium-sized enterprises (SMEs) in accessing finance. FundingSearch has also recently opened its platform to lenders, expanding its service offerings.
The FCA’s Techsprint brings together fintech companies, regulators, and other stakeholders to collaborate on improving financial services for SMEs. FundingSearch’s participation highlights its role in advancing digital solutions within the commercial finance sector.
**Why this matters**
SMEs often face challenges in securing finance, and initiatives like the FCA’s Techsprint seek to address these barriers through technology and regulatory support. FundingSearch’s involvement signals growing interest in innovative platforms that connect lenders and businesses, potentially improving access to funding for SMEs.
Source: NewsData